R&Q acquires $8mn Clariant captive

Randall & Quilter (R&Q) has acquired a captive from
Swiss chemical giant Clariant, the third deal the legacy-to-live
carrier has announced in less than a month.
The vehicle is understood to have reserves of around £8mn
for high-layer excess exposure to products and general liability
risks.
The Liechtenstein-based Clariant captive was formed in 2005
before being put into run-off a decade later. R&Q is now in the
process of relocating the vehicle to its run-off platform in
Malta.