Though it is known for snapping up legacy books, Randall & Quilter has now signed a new deal that will see it reinsure casualty reserves.
It has reached an agreement with RenaissanceRe Syndicate Management Limited for the reserves of Lloyd’s Syndicate 1458, in relation to the 2009-2017 years of account. The reinsurance will be provided as a loss portfolio transfer, attaching at 70% of held reserves, with an additional limit designed for adverse development cover.
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