Reinsurance News
Randall & Quilter
R&Q completes Inceptum & WMG acquisitions
6th January 2021
Randall & Quilter Investment Holdings Ltd. (R&Q) has completed its acquisitions of Inceptum Insurance Company Limited and The World Marine & General Insurance Company PLC (WMG). R&Q recently received regulatory approval for both acquisitions, which were first announced back in August 2020. Inceptum is part of the Vibe Group of companies ... Read the full article
R&Q completes Marilac acquisition
30th December 2020
Randall & Quilter II Holdings Limited, a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has completed the acquisition of Marillac Insurance Company (Marillac), the Cayman captive insurer of Verity Health System of California. The transaction, which has received bankruptcy court and all regulatory approvals, is the second Cayman ... Read the full article
R&Q’s Accredited completes LPT from Pacific Pioneer Insurance
29th December 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has completed a loss portfolio transfer (LPT) from Pacific Pioneer Insurance Company (PPIC) to Accredited Surety and Casualty Company. Accredited is R&Q's wholly owned A- (IX) rated carrier. An announcement on the arrangement notes that this reinsurance transaction forms part of a larger transaction ... Read the full article
R&Q to acquire the Vibe Group
24th December 2020
Randall & Quilter II Holdings Limited, a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has reached an agreement to acquire the entire issued share capital of the Vibe Group. The agreement includes the acquisition of Vibe Services Management Limited, Vibe Corporate Member Limited, and Vibe Syndicate Management Limited. The ... Read the full article
R&Q announces $107.75m Subordinated Notes issuance
4th December 2020
Program management and legacy specialist, Randall & Quilter Investment Holdings Ltd. (R&Q), has announced an agreement to issue 13-year unsecured subordinated Tier 2 notes in an amount of USD 107.75 million. R&Q states that it plans to use the proceeds of this issuance to support continued growth in its Program Management ... Read the full article
R&Q receives approval for Insurance Business Transfer
26th November 2020
Randall & Quilter Investment Holdings has received approval for an Insurance Business Transfer to take place between its subsidiary National Legacy Insurance Company's portfolio and Sentry Insurance a Mutual Company. The transaction has been approved by the Oklahoma Insurance Commissioner, to which the application included extensive financial information, along with a ... Read the full article
R&Q Re registered under Segregated Accounts Companies Act 2000
28th October 2020
Randall & Quilter Investment Holdings (R&Q), has announced that its wholly owned subsidiary, R&Q Re (Bermuda) Ltd. (R&Q Re) has been registered under the Segregated Accounts Companies Act 2000. R&Q Re, a Class 3A reinsurer, is R&Q's primary legacy vehicle in Bermuda and had statuary capital of $100m at 30 September ... Read the full article
R&Q’s Accredited in new program partnership with Attune
15th October 2020
Accredited Surety & Casualty Company, Inc., a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has entered into a program underwriting partnership with Attune Insurance. Attune is a program administrator with specific experience in commercial insurance programs, and currently manages a BOP program with more than $100 million in ... Read the full article
R&Q’s pre-tax operating profit up 30%; COVID-19 dents investment result in H1
14th October 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has reported a 30% rise in pre-tax operating profit to £10.4 million (USD 13.4mn) for the first half of the year, while the impact of the COVID-19 pandemic on financial markets dented the firm's investment performance in the period. Pre-tax operating profit increased from ... Read the full article
R&Q in Loss Portfolio Transfer & Insurance Business Transfer with Allianz
24th September 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has transacted a Loss Portfolio Transfer (LPT) with Allianz SE, Germany, with the close assistance of Black Forest Reinsurance Consulting (BFRC). With this reinsurance transaction, the reinsurance is being provided by Accredited Insurance (Europe) limited, R&Q's rated carrier based in Malta. The transaction provides Allianz ... Read the full article
R&Q names Aon’s Rastiello as CEO of U.S. E&S program management business
9th September 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has named Patrick J. Rastiello as the President and Chief Executive Officer (CEO) of Accredited Specialty Insurance Company, its recently launched U.S. E&S Program Management operation. In mid-August, the legacy specialist announced plans for its accelerated, Q4 2020 entry into the U.S. E&S ... Read the full article
R&Q to provide adverse development cover for RenRe’s Syndicate 1458
8th September 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) said this morning that it has entered into an agreement with RenaissanceRe Syndicate Management Limited (RSML) that will see it reinsuring Casualty reserves from the 2009 to 2017 years of account for RenRe's Lloyd’s Syndicate 1458. This arrangement had been out for tender to ... Read the full article
R&Q’s Accredited enters into program underwriting partnership with Surround
26th August 2020
Accredited Surety & Casualty Company, Inc., a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has entered into a program partnership with Massachusetts domiciled carrier, Surround Insurance Agency, LLC. Surround was co-founded in 2018 by Jonathan Grayson and Kate Terry, and is set to offer a starter pack of ... Read the full article
R&Q agrees to acquire The World Marine & General Insurance Company
20th August 2020
Randall & Quilter II Holdings Limited, a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has reached an agreement to acquire the entire issued share capital of The World Marine & General Insurance Company PLC (WMG) from BHP Group Limited. BHP acquired WMG, which was established in England & ... Read the full article
R&Q announces acquisition of Inceptum Insurance
19th August 2020
Randall & Quilter Investment Holdings Ltd. has revealed that its wholly subsidiary, Randall & Quilter II Holdings Limited, has reached an agreement to acquire the entire issued share capital of Inceptum Insurance Company Limited. Incorporated in England & Wales in 1998, Inceptum is now part of the Vibe Group of companies. The ... Read the full article
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