Randall & Quilter Investment Holdings Ltd. (R&Q) has completed a transaction to assume the Workers’ Compensation liabilities of a Vermont based self-insurer by R&Q’s wholly owned carrier, Accredited Surety and Casualty Company Inc.
The transaction provided full finality to the self-insurer and has removed the barrier for the ultimate dissolution of its Workers’ Compensation Trust. This marks R&Q’s sixth transaction with a self-insurer during the last two years.
R&Q also announced the novation of reinsurance policies issued between 2002 and 2009 from a Cayman domiciled group captive. The policies were novated into the R&Q owned segregated account company, R&Q Bermuda (SAC) Limited.
The group captive provided workers’ compensation coverage to its members throughout the U.S.
Source: Randall & Quilter Investment Holdings Ltd.
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Wins Temporary Injunction Against Howden 
Michigan Court Sides With Progressive in Policy Misrepresentation Case 
Worst Start to Wildfire Season Raises Alarm as El NiƱo Threatens 
Allianz Commercial Transitions its Standalone Cyber Business to MGA Coalition 
