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LONDON (Alliance News) - Randall & Quilter Investment Holdings Ltd said on Tuesday it has issued a re-insurance certificate to a "large" US-based property and casualty carrier.
The underlying liabilities, Randall & Quilter said, relate to the deductibles of worker compensation policies issued to a US corporate.
Chairman & Chief Executive Keith Randall said: "We are pleased to complete another facultative reinsurance with a large US carrier."
"This transaction is yet another example of Randall & Quilter's innovative structures which allowed the carrier to provide full finality to its client through a partnership with Randall & Quilter."
Shares were 3.3% higher on Tuesday at a price of 190 pence each.
