R&Q issues loss portfolio transfer reinsurance for captive

Randall & Quilter Investment Holdings (R&Q) has announced the issuance of a loss portfolio transfer reinsurance covering workers’ compensation, product, auto, and general liability risks.

This coverage was written by R&Q’s wholly owned A- admitted carrier, Accredited Surety and Casualty Company for the benefit of a Bermuda domiciled captive.

The reinsurance was part of a larger transaction involving the sale of one of the parent company’s business units to a strategic buyer.

“We are thrilled to have been able to provide an exit solution to our client’s legacy liabilities and facilitate the sale of one its largest business units,” said Ken Randall, Executive Chairman of R&Q. “This deal demonstrates the value loss portfolio transfers may provide in the context of evaluating and executing strategic acquisitions. We are pleased that R&Q continues to be a market of choice for such transactions.”