Randall & Quilter Investment Holdings Ltd. announced the novation of liabilities for policy years 2001 to 2011 from Arizona-domiciled PacWest Captive Insurance Company Inc. to the its segregated account company in Bermuda, R&Q Quest Ltd.
PacWest was formed in 2001 by Leavitt Group Enterprises to provide workers’ compensation coverage written by Leavitt-owned agencies. These policies were fronted by The Hartford and have been in runoff since June 30, 2011. Reserves for the policy years being novated are estimated at $4.4m as at Aug. 31, 2016.
R&Q is a Bermuda-based company listed on the London Stock Exchange’s Alternative Investment Market specializing in a variety of insurance products and services.
Topics Arizona
Was this article valuable?
Here are more articles you may enjoy.
US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report 
Cargo Owners in Baltimore Disaster Face ‘General Average’ Loss Sharing, MSC Says 
Coral Gables, Florida Tops Beverly Hills as Ritziest Home Market in US 
Soaring Insurance Costs Hit as US Buyers Finally Get a Break on Car Prices 
