Randall & Quilter Investment Holdings Ltd. has entered into an arrangement with the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund (SMDF).
SMDF was established in 1987 as a mutual fund to provide professional indemnity protection for solicitors practicing in Ireland. The fund ceased trading in 2011 following a series of heavy losses relating to the economic downturn in Ireland.
R&Q is a specialist run-off company that acquires and manages portfolios to their natural extinction.
“We are pleased to announce the arrangement with the Law Society of Ireland, further demonstrating R&Q’s ability to offer finality solutions in a range of different situations,” commented Ken Randall, chairman and chief executive officer of Randall & Quilter Investment Holdings Ltd.
Source: Randall & Quilter Investment Holdings
Was this article valuable?
Here are more articles you may enjoy.
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
