2nd Oct 2015 07:25
LONDON (Alliance News) - Randall & Quilter Investment Holdings Ltd Friday said it has completed the novation of liabilities from a Cayman segregated portfolio company to R&Q's segregated account company R&Q Quest (SAC) Ltd.
The segregated portfolio company was established for the purpose of accepting workers' compensation and employers' liability risks in the state of California, R&Q said.
"We are delighted to complete this novation. This deal continues to show our market leading position in providing captive exit solutions and we are pleased to have executed a deal in Cayman, one of the world's premier captive domiciles," Chairman and Chief Executive Ken Randall said in a statement.
Shares in R&Q were untraded at the open on Friday, last quoted at 95.25 pence.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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