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Randall & Quilter completes reinsurance to close transaction

Randall & Quilter Investment Holdings Ltd. said its transaction with Hamilton Underwriting Ltd. in relation to the provision of capital, in conjunction with AXA DBIO, to support the reinsurance to close of Lloyd's of London Syndicate 3334's 2014 and prior years of account has been completed after it obtained all necessary approvals.

The deal has an inception date of Jan. 1.

The reinsurance to close has been written by Syndicate 3330 and managed by Coverys Managing Agency, and consists of net reserves of approximately £30 million.