R&Q completes novation

Randall & Quilter (R&Q) has announced the novation of
liabilities for the policy years 2003-2011 from Cayman
Islands-based captive Westland Insurance Company.
Westland provided workers' compensation, general liability,
auto liability and physical damage coverage to its members through
reinsurance, beginning 1 September 2003. The policies were fronted
by Travelers.
Ken Randall, chairman and CEO of R&Q, noted that the
novation was one of several recent transactions the company has
exec