Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the completion of a loss portfolio transfer from Pacific Pioneer Insurance Company (“PPIC”) to R&Q’s wholly owned A- (IX) rated carrier, Accredited Surety and Casualty Company, Inc. (“Accredited”). This reinsurance transaction was part of a larger transaction which helped facilitate the successful sale of PPIC to a third party.
Paul Corver, Group Head of M&A at R&Q, explained “We are thrilled to have been able to provide an exit solution to our client’s legacy liabilities and help facilitate its successful sale. This deal demonstrates the value loss portfolio transfers may provide in the context of evaluating and executing strategic disposals or acquisitions. We are pleased that R&Q continues to be a market of choice for such transactions and thank Guy Carpenter for their assistance throughout the transaction.”
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