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Randall & Quilter Investment Holdings Ltd- Bermuda-based firm focused on non-life legacy insurance and program management - Completes a loss portfolio transfer from Pacific Pioneer Insurance Co to the company's wholly owned carrier, Accredited Surety & Casualty Co. The transfer is part of a larger deal which facilitated the sale of Pacific Pioneer Insurance to a third party.
Paul Corver, group head of M&A at Randall & Quilter: "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."
Current stock price: 176.74 pence
Year-to-date change: up 5.0%
By Anna Farley; annafarley@alliancenews.com
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