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Randall & Quilter issues $146M legacy reinsurance for US risk retention group

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Randall & Quilter issues $146M legacy reinsurance for US risk retention group

Randall & Quilter Investment Holdings Ltd. issued $146 million of loss portfolio transfer reinsurance covering commercial auto liability risks for a U.S.-based risk retention group.

The reinsurance will cover the risk retention group's unpaid liabilities, which are estimated to be in excess of $100 million.

The coverage was underwritten by Randall & Quilter subsidiary Accredited Surety and Casualty Co. Inc.