Randall & Quilter Investment Holdings Ltd. announced it has entered into a loss portfolio transfer reinsurance contract and a transfer agreement with Repwest Insurance Co.
Repwest is based in Phoenix Ariz., and is a wholly owned subsidiary company of AMERCO. AMERCO is also the parent company of U-Haul, the moving and self-storage operator.
This transaction assists Repwest towards its target of reaching economic finality of its Assumed Re run-off business, which it underwrote from 1978 through 2003. Aon served as the reinsurance broker for this transaction.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
AI for the Defense: Should Insurers or Law Firms Pay? 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
