Reinsurance News
Randall & Quilter
CEO in-waiting Booth to depart Randall & Quilter
8th January 2018
Non-life legacy and run-off acquisition and management, programme services and investments specialist Randall & Quilter Investment Holdings Ltd. has announced that its CEO in-waiting Tom Booth is departing the company. Randall & Quilter had announced back in October that Booth, the current Chief Financial Officer of the firm, was expected to ... Read the full article
R&Q acquires Constantia Insurance Company for £1.5mn
2nd January 2018
Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the acquisition of Constantia Insurance Company (Guernsey) Limited, from Old Mutual plc for £1.5 million (US$2mn). R&Q has received regulatory approval to acquire the company, which is now in run-off, and Constantia will be amalgamated into Capstan Insurance Company Limited, R&Q's consolidation vehicle domiciled ... Read the full article
R&Q Insurance enters underwriting agreements with Xpekt & Blagrove
11th December 2017
R&Q Insurance (Malta) (RQIM), a unit of Randall & Quilter, has entered into delegated underwriting agreements with UK motor MGA Xpekt (Xpekt) and UK fleet specialist Blagrove Underwriting Agency (Blagrove). Xpect specialises in rural private and commercial vehicles, motorcycles and specialist vehicles with anticipated annualized Gross Written Premiums of £15.6 million whilst ... Read the full article
R&Q’s Accredited in $10mn programme agreement with The Hotaling Group
4th December 2017
Accredited Surety and Casualty Company (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with the Hotaling Group of up to $10 million annual gross written premium for its Tradesman Program Managers contractor business in New York and New Jersey. ASC plans to pass on 100% of ... Read the full article
Coverys purchases R&Q Managing Agency at $22 million
4th December 2017
R&Q has sold its Lloyd's managing agency, R&Q Managing Agency (RQMA) to Coverys, a leading provider of medical professional liability insurance based in Boston, Massachusetts, after receipt of regulatory approval. Coverys purchased RQMA for $22.6 million; after costs and related incentive and other payments, R&Q will get net proceeds of £13.1 ... Read the full article
R&Q’s ASC subsidiary reaches agreement with Atlas General Insurance
30th October 2017
Florida-based property/casualty (P/C) insurer and subsidiary of Randall & Quilter (R&Q), Accredited Surety and Casualty Company, Inc. (ASC), has entered into an agreement with Atlas General Insurance Services for its Western Trade Craft artisan contractor operation. The Atlas Western Trade Craft artisan contractor business has a focus on surety, commercial liability and inland marine ... Read the full article
Randall & Quilter looks to fund growth with £49.3m capital raise
5th October 2017
Non-life insurance, reinsurance legacy and run-off acquisition and management, and investments specialist Randall & Quilter Investment Holdings Ltd. is seeking to raise close to £50 million in order to fund future growth. The capital raise will feature a £45 million placement of new ordinary shares with institutional shareholders and Directors, as ... Read the full article
R&Q completes novation of reinsurance policies from Cayman group captive
21st September 2017
Randall & Quilter Investment Holdings Ltd. (R&Q) recently announced that it has successfully completed the novation of reinsurance policies issued between 2006 and 2011 from a Cayman-based group captive. The firm has said that the policies have been novated into R&Q Quest (SAC) Limited, its owned segregated account company. According to R&Q, the ... Read the full article
Randall & Quilter writes reinsurance policy for U.S. carrier for $6.5 million premium
4th July 2017
Randall & Quilter Investment Holdings has underwritten a collateralised facultative reinsurance policy for a large U.S. P&C carrier for a premium of $6.5 million. The reinsurance was underwritten from a cell within R&Q's wholly-owned subsidiary, R&Q Quest Insurance, with encumbered assets of $8.5 million. Chairman & Chief Executive Ken Randall, commented;"We are pleased ... Read the full article
R&Q completes acquisition of AstraZeneca Insurance
3rd July 2017
Randall & Quilter Investment Holdings has announced the completion of its acquisition of AstraZeneca Insurance Company, AZICO after receiving all necessary approvals from regulators. The global non-life insurer and legacy or run-off reinsurance solutions specialist intends to undertake a Part VII Transfer of AZICO's remaining insurance business to one of the Randall & ... Read the full article
Randall and Quilter announces sale of Lloyd’s managing agency to Coverys
23rd June 2017
Randall & Quilter Investment Holdings (R&Q) has announced the sale of its Lloyd's of London managing agency arm, R&Q Managing Agency Ltd., to Coverys, a step it has taken to simplify its business operations. Randall & Quilter (R&Q) had previously announced that it would look to simplify its operations to focus ... Read the full article
R&Q assumes $43m in liabilities from California insurer in reinsurance contract
20th June 2017
Randall & Quilter Investment Holdings (R&Q) has written a loss portfolio transfer reinsurance contract to cover a California-based insurance group's livery, trucking, and contractors’ liability programme issued from 2007 to 2015. The deal includes R&Q assuming about $43 million in undiscounted liabilities as well as the carrier's claims handling. Ken Randall, Chairman ... Read the full article
R&Q acquires captive insurer ICDC
22nd March 2017
Randall & Quilter Investment Holdings (R&Q) has announced its acquisition of American Fortune 500 captive insurer, ICDC. ICDC reinsured its parent company for workers' compensation, commercial general liability, business auto liability, business auto physical damage and property risks. As of 31st December 2016 it had a total net asset value of $7.95 million, ... Read the full article
R&Q acquires Bermudian captive insurer, Linco Limited
21st March 2017
Randall & Quilter American Holdings Inc., the U.S. subsidiary of specialist non-life insurance investor, service provider and underwriting manager, Randall & Quilter Investment Holdings (R&Q), has announced the acquisition of Bermuda captive Linco Limited. Domiciled in Bermuda, Linco provided reinsurance protection to its shareholders for workers' compensation, general and automotive liability, and ... Read the full article
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