Randall & Quilter Investment Holdings (R&Q) has announced its wholly owned subsidiary R&Q Re (Bermuda) has been registered under the Segregated Accounts Companies Act 2000.
Darag has agreed to sell the active underwriting business within its Italian operations to domestic insurer Nobis Compagnia di Assicurazioni.
Enstar Group has completed the first ever insurance business transfer (IBT) in the US as Oklahoma won the race to be the jurisdiction facilitating the debut transaction in a move that some have predicted could open the floodgates for legacy deals in the world’s biggest insurance market.
AM Best has affirmed the A- financial strength and “a- ” long-term issuer credit ratings (ICR) of R&Q’s Accredited Surety and Casualty Company (ASC) and Accredited Insurance Europe (AIEL) subsidiaries as it highlighted their pivotal role in the group’s growing program business.
Randall & Quilter (R&Q)’s management has said the firm will consider further investments in the MGA space having taken a 35 percent stake in New York-based MGA Tradesman in the third quarter.
Randall & Quilter Investment Holdings Ltd (R&Q) said its operating earnings were up 30 percent in the first half of the year as its legacy and program management businesses performed well despite Covid-19 temporarily slowing down deal completion.
Legacy specialist Compre has named R&Q’s Anson Aguiar as chief underwriting officer of Pallas Reinsurance Company Ltd. (Pallas Re), Compre’s newly-launched class 3A Bermudian reinsurer, and revealed it has completed its first US transaction.
Fairfax-owned Riverstone has once again demonstrated its continued appetite for Lloyd’s legacy business by inking a reinsurance-to-close (RITC) transaction with Argo Syndicate 1200.
Bermudian legacy carrier Fleming Re has agreed a deal to buy casualty-focused reinsurance captive Sinclair Insurance Company.
Legacy specialist Darag is set to acquire the run-off vehicle SunPoint that was previously led by Karl Wall from Fosun, The Insurer can reveal.
BMS Group has engaged Mory Katz as a senior consultant to work closely with its reinsurance intermediary arm and support the expansion of its legacy capabilities in the fast-growing segment of the market.