Reinsurance News
Randall & Quilter
R&Q’s Langridge to step down from Director role
3rd December 2019
Non-life legacy and run-off acquisition and management, programme services and investments specialist, Randall & Quilter Investment Holdings Ltd., has revealed that Mark Langridge is to step down as a Director of the Company, effective 13th December 2019. The firm explains that Langridge will continue to serve in an executive role advising ... Read the full article
Accredited in new program underwriting partnership
22nd November 2019
Accredited Surety and Casualty Company, the Florida-based subsidiary of specialist non-life re/insurance investor Randall & Quilter Investment Holdings, has entered into a program partnership with Trinity Transportation Services (TTS) and its associated third party administrator, Global Claims Services. Moving forward, Accredited will be an issuing carrier on behalf of TTS and ... Read the full article
Accredited strikes program underwriting partnership with MG Skinner
28th October 2019
Accredited Surety and Casualty Company, the Florida-based subsidiary of Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings, has entered into a new program partnership with M. G. Skinner & Associates Insurance Agency. The deal will see Accredited become the issuing carrier on behalf of MG Skinner for Directors & ... Read the full article
R&Q finalises takeover of Sandell Holdings & reinsurance subsidiary
8th October 2019
Randall & Quilter II Holdings Limited, a subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q), has completed its acquisition of Sandell Holdings Limited along with its reinsurance subsidiary, Sandell Re Ltd. R&Q previously announced back in July 2019 that it planned to purchase the entire issued share capital of ... Read the full article
R&Q recruits Chief Restructuring Officer from KPMG
2nd October 2019
Randall & Quilter Investment Holdings Ltd. (R&Q), the non-life legacy insurance investor and capacity provider of US and European program business, has appointed Mike Walker to the newly-created position of Chief Restructuring Officer. Walker arrives from KPMG, where he served as a Partner for more than 15 years and occupied a ... Read the full article
R&Q profits up six-fold in H1, boosted by 2018 legacy deals
6th September 2019
Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings Ltd. (R&Q) has reported its results for the first half of 2019, which saw the company’s profit after tax increase more than six-fold to £32.6 million. Operating profit (continuing) similarly increased almost four times over compared with the first six months ... Read the full article
R&Q in legacy reinsurance deal for Bermuda captive
8th August 2019
Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings is to provide legacy reinsurance for a captive domiciled on the island. The loss portfolio transfer reinsurance covers workers’ compensation, product, auto, and general liability risks. The reinsurance was part of a larger transaction involving the sale of one of the parent ... Read the full article
R&Q completes takeover of GLOBAL U.S Holdings from AXA LM
6th May 2019
Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the completion of its acquisition of GLOBAL U.S. Holdings Inc (Global US). Global U.S is an investment vehicle managed by AXA Liabilities Managers SAS (AXA LM), the AXA unit that specialises in the management of legacy insurance ... Read the full article
R&Q’s 2018 profits up 45% to £14.3m despite deferred legacy deals
29th April 2019
Randall & Quilter (R&Q), the Bermuda-based program underwriting management and legacy acquisitions specialist, has posted 2018 pre-tax profits for continuing operations of £14.3 million, a 45% increase from the previous year. Meanwhile, R&Q’s continuing operating profit rose from £14.3 million in 2017 to £18.5 million. This comes despite a number of legacy ... Read the full article
Randall & Quilter gets regulatory approval for Western Captive takeover
4th April 2019
Randall & Quilter Investment Holdings Ltd. (R&Q) has received regulatory approval to complete the acquisition of Irish insurer Western Captive Insurance Company DAC (WCIC). The Central Bank of Ireland granted approval for R&Q to acquire the entire issued share capital of WCIC from its owners, the Coffey Group. R&Q intends to transfer ... Read the full article
R&Q’s Accredited forms program underwriting partnership with Pronto
22nd March 2019
Accredited Surety and Casualty Company, Inc., the Florida-based subsidiary of Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings (R&Q), has signed a new program underwriting partnership with Pronto General Insurance Agency LTD. Pronto is a specialty managing general agency (MGA) that provides a variety of coverages to customers in ... Read the full article
R&Q’s Accredited receives group rating increase from A.M. Best
21st March 2019
Accredited Surety & Casualty Company, Inc, the Florida-based insurance subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q), has had it’s A.M. Best group rating increased from VII to VIII. The increase reflects the improved balance sheet strength of Accredited and R&Q following successful equity and debt capital raises in December ... Read the full article
R&Q completes acquisition of NN Group unit
5th March 2019
Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings Ltd has completed its acquisition of the entire issued share capital of Nationale-Nederlanden Internationale Schadeverzekering SE (NNIS) from its owners, NN Group. NNIS, which will be renamed R&Q Epsilon Company SE following the acquisition, is a UK-based business that was transferred ... Read the full article
R&Q’s Accredited forms program underwriting partnership with Stabilis
26th February 2019
Accredited Insurance (Europe), the European subsidiary of Bermuda-based specialist non-life re/insurance investor Randall & Quilter Investment Holdings (R&Q), has signed a new program underwriting partnership with Stabilis MGA limited. Stablilis is a UK managing general agency (MGA) that provides private motor insurance. “We are delighted to confirm this transaction and to add ... Read the full article
R&Q looks to fund growth with £107m capital raise
7th February 2019
Randall & Quilter Investment Holdings Ltd. (R&Q), a Bermuda-based specialist non-life insurance and reinsurance investor, has raised approximately £100 million in an effort to support growth and assist in maintaining the AM Best credit and financial strength ratings of the Accredited companies. The capital raise features the placement of over 65 ... Read the full article
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