10th Jan 2019 09:21
LONDON (Alliance News) - Randall & Quilter Investment Holdings Ltd on Thursday said it has completed two further insurance transactions.
The first will see Randall & Quilter assume the workers compensation liabilities of a Vermont-based self-insurer. This is the company's sixth self-insurer transaction in the past two years.
Randall & Quilter has also announced the novation - or replacing the original party in an agreement - of reinsurance policies issued between 2002 and 2009 by a Cayman Islands-based group.
Chairman & Chief Executive Ken Randall said: "These two transactions demonstrate our ability to once again provide exit solutions to the self-insurance space and reinforces our market leading position in providing captive exit solutions."
Shares were untraded on Thursday, last quoted at 170 pence each.
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