Reinsurance News
Randall & Quilter
R&Q’s Accredited to accelerate U.S. E&S market entry
17th August 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) is anticipating entering the U.S. Excess & Surplus (E&S) program management market in the fourth-quarter of 2020, which is earlier than initially planned. The legacy specialist has provided a performance update for its program management business, which trades under the Accredited banner, for the ... Read the full article
R&Q finalises NationsBuilders acquisition
13th August 2020
A statement has been released by Randall & Quilter Investment Holdings Ltd. (R&Q) disclosing the completion of its acquisition of NationsBuilders Insurance Company (NBIC). Back in June, R&Q declared that it was entering into a stock purchase agreement to acquire NationsBuilders Insurance Company. Paul Corver, Group Head of M&A at R&Q, ... Read the full article
R&Q to merge Sandell Re with MGA Tradesman Program Managers
10th August 2020
Randall & Quilter Investment Holdings plans to merge its wholly owned subsidiary, Sandell Re, with Tradesman Program Managers in return for a 35% interest in the combined entity. The initial book value of R&Q’s interest in the combined business will be $43.4 million, which is equal to the estimated book value ... Read the full article
Ken Randall to retire from R&Q in March 2021
9th July 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has confirmed that Ken Randall, Executive Chairman and Co-Founder of the firm, has notified the Board of his intention to retire as Executive Chairman and step down as a Director with effect March 31st, 2021. It was revealed in early January 2020 that ... Read the full article
R&Q’s Vermont subsidiary acquires NationsBuilders Insurance Company
5th June 2020
ICDC, Ltd., the wholly owned Vermont-based subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q), has entered into a stock purchase agreement to acquire NationsBuilders Insurance Company (NBIC). The transaction, which is subject to customary closing conditions and regulatory approvals, sees the R&Q subsidiary acquire a Washington-based captive from NationsBuilders Insurance ... Read the full article
R&Q appoints Bank of America’s Thomas Solomon as Group CFO
21st May 2020
Randall & Quilter Investment Holdings Ltd., the global non-life specialty insurer with a focus on the program management and legacy insurance business, has announced that its Board of Directors has appointed Thomas Solomon as Group Chief Financial Officer (CFO). Solomon will be based in the firm's New York office and will ... Read the full article
Eamonn Flanagan joins R&Q board as independent non-exec director
15th May 2020
Non-life legacy insurance investor Randall & Quilter has announced the appointment of Eamonn Flanagan to its board as an independent non-executive director. Flanagan’s appointment is effective June 1 and he joins with over 30 years’ experience in the insurance industry. He recently co-founded Shore Capital Markets, an independent securities business, where he ... Read the full article
R&Q announces Loss Portfolio Transfer with Repwest Insurance
24th April 2020
Non-life insurance, reinsurance legacy and run-off acquisition specialist Randall & Quilter has entered into a Loss Portfolio Transfer Reinsurance Contract and a Transfer Agreement with Repwest Insurance Company. Repwest is based in Arizona and is a wholly owned subsidiary company of AMERCO, the parent company of U-Haul. This transaction assists Repwest towards ... Read the full article
R&Q to acquire ICI Insurance Company
16th April 2020
Non-life insurance, reinsurance legacy and run-off acquisition specialist Randall & Quilter Investment is set to acquire the entire issued share capital of ICI Insurance Company. ICIICL was incorporated in the Cayman Islands in 2003 and licensed as a Class B (i) Insurer. The residual liabilities of ICIICL comprise primarily of US Workers ... Read the full article
R&Q subsidiary completes Anglo-French Part VII Transfer
19th March 2020
R&Q Gamma, a subsidiary of non-life legacy insurance investor and capacity provider R&Q, has completed a transfer of US liability insurance underwritten by Anglo-French. The transaction took place via an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000. The Part VII was sanctioned at a ... Read the full article
R&Q completes portfolio transfer from Swedish captive
30th January 2020
Accredited Insurance (Europe) Limited, a wholly owned subsidiary of Randall & Quilter Investment Holding Ltd. (R&Q), has completed the transfer of business from Lansen Försäkringsaktiebolag (Lansen), a wholly owned subsidiary of SAAB Aktiebolag. R&Q states that the portfolio transfer is designed to enable SAAB to close its captive insurer that it ... Read the full article
R&Q completes acquisition of Montana captive, Vigneron Insurance
27th January 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the acquisition of Vigneron Insurance Company, Inc. (VICI), a Montana-based captive insurer. R&Q has acquired VICI from a wholly owned private investment holding company with diverse holdings in a range of industries, real estate, marketable securities and other investments. The Montana captive insurer ... Read the full article
R&Q’s Joint CEO Roger Sellek resigns
15th January 2020
Changes at the top continue at non-life legacy and run-off investor and capacity provider to program business Randall & Quilter Investment Holdings Ltd. (R&Q), with one of its Joint CEO's resigning and set to depart immediately. The company said this morning that Roger Sellek has resigned from his position at R&Q ... Read the full article
Ken Randall to depart R&Q, William Spiegel named successor
13th January 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has announced that William Spiegel will assume the position of Executive Group Chairman when the firm's co-founder, Ken Randall, steps down in roughly 12 months. Effective immediately, Spiegel has been appointed as Executive Director and Deputy Group Chairman, which forms part of R&Q's management ... Read the full article
R&Q completes takeover of Barbados insurer, Distinguished Re
30th December 2019
Randall & Quilter Investment Holdings Ltd. (R&Q) has today announced that its wholly owned subsidiary, R&Q Re (Bermuda) Limited has completed the acquisition of Distinguished Re Ltd., a Barbados insurer. Distinguished Re Ltd. was formerly known as the Saranac Insurance Company, Ltd., a wholly owned subsidiary of Distinguished LLC. The firm ... Read the full article
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