Bermuda captives News

R&Q Completes Novation with Captive Owned by Coca-Cola Bottlers’ Assoc.

Randall & Quilter Investment Holdings Ltd. announced the novation of reinsurance policies issued between 2002 and 2016 by Georgia Atlantic Insurance Ltd. (GAIL) for workers’ compensation, general liability, auto liability and auto property damages. GAIL is a wholly owned, Bermuda-based …

Randall & Quilter Buys Bermuda-Based Segregated Accounts Captive Company

Randall & Quilter Investment Holdings Ltd. has acquired Agency Program Insurance Co. (SAC) Ltd., a Bermuda-based segregated accounts captive company with 28 cells. London-based Randall & Quilter (R&Q) is paying $1.4 million in cash from existing resources to acquire APIC, …

Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019

The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by London-based business intelligence company …