January 10, 2019
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the completion of a transaction to assume the Workers’ Compensation liabilities of a Vermont based self-insurer by R&Q’s wholly owned A- rated carrier, Accredited Surety and Casualty Company, Inc (“Accredited”). The transaction provided full finality to the self-insurer and has removed the barrier for the ultimate dissolution of its Workers’ Compensation Trust. This marks R&Q’s sixth transaction with a self-insurer over the last 2 years.
R&Q is also pleased to announce the novation of reinsurance policies issued between 2002 and 2009 from a Cayman domiciled group captive. The policies were novated into the R&Q owned segregated account company, R&Q Bermuda (SAC) Limited.
The group captive provided Workers’ Compensation coverage to its members throughout the United States.
Ken Randall, Chairman and Chief Executive Officer of R&Q, commented: “These two transactions demonstrate our ability to once again provide exit solutions to the self-insurance space and reinforces our market leading position in providing captive exit solutions”.
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