LONDON (Alliance News) - Non-life insurance investor, service provider and underwriting manager Randall & Quilter Investment Holdings Ltd on Thursday said it has completed the novation of liabilities from Cayman Islands-domiciled Golden Rule Ltd to its R&Q Quest (SAC) Ltd segregated account.
The novation of the liabilities covers policy years 2000-2003 and covers workers' compensation, general liability, auto liability, and auto physical damage cover provided to members through reinsurance.
"We are pleased to complete this novation. It is another transaction that demonstrates our market leading position in providing captive exit solutions and we are pleased to have executed another deal in Cayman, one of the world's premier captive domiciles," said Ken Randall, Randall & Quilter's chairman and chief executive.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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