Randall & Quilter Investment Holdings has agreed the issuance of a reinsurance deal to assume the legacy liabilities from the Bermuda captive of a US-based airline
The reinsurance is written by a carrier owned by R&Q, Accredited Insurance (Europe).
This deal follows a similar agreement struck last year with the same counterparty and is now providing economic relief for additional policy years.
Ken Randall, executive chairman, explained: “We are pleased to complete this follow-on transaction and build on our previous knowledge of the book and our client to again deliver an exit solution.
He added: "We are always thrilled when mutual success on a particular deal leads to re-engagement with that counterparty on future transactions.”
