R&Q DEAL COVERS PRIOR YEAR CASUALTY DEDUCTIBLE

Randall & Quilter Investment Holdings (R&Q) has reinsured a portfolio of corporate liability exposures underwritten by a large US property/casualty insurer, enabling the carrier to provide “finality” to a corporate client. R&Q wholly owned subsidiary, R&Q Quest Insurance Ltd, has underwritten facultative reinsurance for a large US P&C carrier for a premium of $6.5m. The collateralised reinsurance policy reinsures underlying liabilities to the deductibles of workers' compensation and motor policies issued between 2007 and 2016 to a US corporate. The policy enabled the unnamed carrier to commute deductible coverage with the corporate, therefore providing full finality to the corporate while remaining fully collateralised.