R&Q secures Oklahoma insurance business transfer approval in US legacy first
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R&Q secures Oklahoma insurance business transfer approval in US legacy first

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Randall & Quilter (R&Q) has gained final approval for the first insurance business transfer (IBT) permitted in the US between two entirely separate entities, after a key Oklahoma court decision.

The legacy specialist is to transfer a portfolio of reinsurance policies from Sentry Insurance Company to its own subsidiary National Legacy Insurance Company (NLIC), which relate to Sentry’s involvement as a member of the Excess & Casualty Reinsurance Association...

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