Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017

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R&Q agrees $24mn deductible deal

  • Charlie Thomas 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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