Randall & Quilter Expense Holdings (R&Q) has declared the completion of a transaction to offer whole finality to a California-centered self-insurance company by Accredited Surety and Casualty Company, R&Q’s wholly owned subsidiary. This is the next R&Q transaction with a self-insurance provider in California and the fifth throughout the US in the last two yrs.
“We continue on to give answers to the self-insurance provider area, and this transaction exhibits our skill to make on former results and experiences with several states across the US,” explained Ken Randall, chairman and CEO of R&Q.
The company has also declared the completion of a novation of the workers’ payment and professional vehicle liabilities of a Cayman-centered group captive that furnished protection to trucking firms in the US. The liabilities were being novated into R&Q’s segregated account firm in Bermuda, the organization mentioned.
“We are delighted to finish an additional novation with a group captive,” Randall mentioned. “This transaction demonstrates our ongoing emphasis on remaining the co-to counter-occasion for exit answers in the captive current market.”