With Bermuda move Randall & Quilter hope to tap into insurance-linked securities market

by Artemis on April 26, 2013

Randall & Quilter, a specialist non-life insurance investor, service provider, underwriting and captive  manager, announced yesterday the firms intention to redomicile itself from the UK to Bermuda following a period of consultation with its shareholders and receipt of full board approval. With the move to Bermuda the group aims to improve its regulatory and operational platform and take advantage of new business opportunities including in the insurance-linked securities (ILS) market.

R&Q cites Bermuda as a premier insurance and reinsurance domicile, providing excellent access to the U.S. market. The R&Q Board believes that by redomiciling to Bermuda the firm will be positioned to take advantage of a number of new business opportunities, including staking a claim in the growing insurance-linked securities (ILS) market.

R&Q as well as operating in the management of both live and run-off insurance and reinsurance operations in the global non-life markets and at Lloyd’s of London, is perhaps uniquely positioned to bring new opportunities to investors interested in the returns of the reinsurance markets.

As a firm that acquires, manages and facilitates investments in insurance and reinsurance portfolios, R&Q could look to develop a Bermuda based platform which would allow it to attract much more third-party investor capital to back its operations of both live and run-off re/insurers. This could be particularly interesting for investors looking for more diversification within the ILS markets given R&Q’s operations in markets such as Lloyd’s. R&Q are well positioned to help third-party capital access new and interesting portfolios of reinsurance risk.

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