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Randall & Quilter subsidiary signs novation agreement

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Randall & Quilter subsidiary signs novation agreement

Randall & Quilter Investment Holdings Ltd. wholly owned subsidiary Capstan Insurance Ltd. has entered into an agreement to accept insurance liabilities of the Sitex Cell in Windward Insurance PCC Ltd. from its owners, Orbis Protect Ltd.

The Sitex Cell insured the deductible amounts payable under liability policies, including employer's liability, from 2004 to 2014.

The residual liabilities, consisting mostly of employer's liability deductible exposures arising in the U.K., will be managed by Randall & Quilter.