Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
R&Q agrees $24mn deductible deal
- 21 September 2017
Randall & Quilter Investment Holdings (R&Q) has completed a deal to take on $24mn of deductible liabilities from a US corporate, it announced today.
Detailing the transaction, the firm explained that the deductible related to workers' compensation policies issued between 1988 and 2012 issued by a large US carrier. The deal allows the corporate to pass on its deductible liability to R&Q, with the US carrier remaining on risk for any claims above that deductible.
The deal brings finality to...
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