21 September, 2017
News

Randall & Quilter Investment Holdings Ltd. ('R&Q') is pleased to announce the assignment of insurance liabilities under deductible policies.

The underlying liabilities relate to workers' compensation policies issued between 1988 and 2012 to a US corporate from a large US carrier. This transaction allowed the carrier to assign the insurance liabilities under the deductible policies, therefore providing full finality to the corporate, while keeping the original carrier fully collateralized. The outstanding liabilities are estimated to be circa $24m.

Ken Randall, Chairman and Chief Executive Officer of R&Q, commented: 'We are pleased to complete this assignment with a large US carrier. This transaction is a further example of R&Q's innovative structures which allowed the carrier to provide full finality to its client through a partnership with R&Q while keeping the original carrier fully collateralized.'

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R&Q - Randall & Quilter Investment Holdings plc published this content on 21 September 2017 and is solely responsible for the information contained herein.
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