Randall & Quilter Investment Holdings Ltd. has entered into an arrangement with the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund (SMDF).
SMDF was established in 1987 as a mutual fund to provide professional indemnity protection for solicitors practicing in Ireland. The fund ceased trading in 2011 following a series of heavy losses relating to the economic downturn in Ireland.
R&Q is a specialist run-off company that acquires and manages portfolios to their natural extinction.
“We are pleased to announce the arrangement with the Law Society of Ireland, further demonstrating R&Q’s ability to offer finality solutions in a range of different situations,” commented Ken Randall, chairman and chief executive officer of Randall & Quilter Investment Holdings Ltd.
Source: Randall & Quilter Investment Holdings
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