Reinsurance News
R&Q
Orchid announces R&Q partnership
5th October 2021
Orchid Underwriters Agency , a specialty underwriter of catastrophe-exposed property insurance, has announced a new partnership with R&Q Accredited America aimed at directing fresh personal lines capacity to costal markets hit by catastrophic events. Their program brings together an extended network of reinsurance capacity based on longstanding relationships with the two ... Read the full article
R&Q’s H1 premiums rise as legacy insurance sidecar Gibson Re launches
6th September 2021
Randall & Quilter Investment Holdings Ltd. (R&Q) has announced a pre-tax operating loss of $23.5 million for the first half 2021 against a gain of $12.8 million a year earlier. The firm has also launched Gibson Re, a legacy insurance sidecar vehicle. According to R&Q, the H1 2021 operating loss is ... Read the full article
R&Q gains final approval for Sentry IBT deal
27th August 2021
Non-life legacy and run-off acquisition and management, programme services and investments specialist Randall & Quilter Investment Holdings Ltd. has received final approval from the Oklahoma District Court for its insurance business transfer (IBT) deal involving Sentry Insurance Company. Under the terms of the IBT, a portfolio of Sentry reinsurance policies will ... Read the full article
R&Q completes four portfolio transfers
27th May 2021
Non-life global speciality insurance company Randall & Quilter has completed the novation of four loss portfolio transfer agreements managed by Armour Risk Management Ltd previously in place between ILS P&C Re and various entities within the QBE Group. Two of the agreements have been novated to R&Q Re Bermuda Ltd and ... Read the full article
R&Q completes acquisition of Electric Insurance Ireland DAC
19th May 2021
Randall & Quilter II Holdings Limited, the wholly owned UK subsidiary of Randall & Quilter Investment Holdings Ltd (R&Q), has now completed its acquisition of Electric Insurance Ireland DAC, a wholly owned captive insurer of Electric Insurance Company. The deal has been finalised following the receipt of regulatory approval from the ... Read the full article
R&Q names William Spiegel Executive Chairman as Ken Randall retires
1st April 2021
Randall & Quilter Investment Holdings Ltd. has formally announced the expected change of leadership as Ken Randall has retired as Executive Chairman and William Spiegel will replace him in the role. Randall has also stepped down as a Director of the Company today. The non-life legacy and run-off acquisition and management, programme ... Read the full article
R&Q raises stake in Tradesman; divests Roosevelt Road Re interest
18th March 2021
Randall & Quilter Investment Holdings Ltd. (R&Q) has reached an agreement to raise its stake in Tradesman Program Managers, LLC, a New York-based Managing General Agent (MGA), from 35% to 40%. R&Q acquired its stake in Tradesman Program Managers in August of last year through the merger of its wholly ... Read the full article
R&Q’s program management business grows premiums by 46%
22nd February 2021
Program management and legacy specialist, Randall & Quilter Investment Holdings Ltd. (R&Q) has reported a 46% increase in gross premiums written by its program management business over 2020. Premiums totalled $538.9 million last year versus $369.3 million in 2019 as the business continued to expand in Europe and the US. Revenue similarly ... Read the full article
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’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’s new E&S carrier eyes new business following AM Best rating
7th December 2020
Randall & Quilter’s executive chairman William Spiegel has underlined the ambitions of newly established Excess & Surplus lines carrier Accredited Specialty Insurance (ASI), after the firm secured its ratings from AM Best. ASI has been assigned a Financial Strength Rating of A- (Excellent), a Financial Size Category of IX, and a ... 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 Re acquires Bermuda captive
27th November 2020
R&Q Re, a subsidiary of non-life global specialty insurer Randall & Quilter, has announced the acquisition of a Bermuda-domiciled captive. The transaction is subject to customary closing conditions and regulatory approval. R&Q Re is a Class 3A reinsurer and R&Q’s primary legacy vehicle in Bermuda. It had statuary capital of $100m ... 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
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