Randall & Quilter Investment Holdings (R&Q) has announced the completion of a transaction to assume the workers’ compensation liabilities of a Vermont-based self-insurer by R&Q’s wholly owned carrier, Accredited Surety & Casualty. The transaction provided full finality to the self-insurer and will allow the ultimate dissolution of its workers’ compensation trust. It was R&Q’s sixth transaction with a self-insurer over the last two years.
The company has also announced the novation of reinsurance policies issued between 2002 and 2009 by a Cayman-domiciled group captive. The policies were novated into R&Q Bermuda (SAC) Limited, an R&Q-owned segregated account company. The group captive provided workers’ compensation coverage to its members throughout the US.
“These two transactions demonstrate our ability to once again provide exit solutions to the self-insurance space and reinforce our market-leading position in providing captive exit solutions,” said Ken Randall, chairman and CEO of R&Q.