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.
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’ 
Why Power Outages Do More Economic Damage Than We Think 
Hot Sauce Company Sues Manufacturer Over Exploding Bottles 
Businesses Pressured to Respond to ICE While Becoming a Target 
