Sat, 09/23/2017 - 12:40
Randall & Quilter (R&Q) has successfully novated a sizable volume of reinsurance policies into its segregated account company R&Q Quest (SAC) Limited.
Issued between 2006 and 2011, the policies were novated from a Cayman-domiciled group captive which provided workers’ compensation, general liability, auto liability, and products liability coverage to its members via reinsurance. Approximately $20 million (around £14.8 million) in liabilities remain.
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