Ace has received approval to sell Ace American Reinsurance Company (AARe) to Randall & Quilter Investment Holdings, a UK run-off company.
The Pennsylvania insurance commission approved the sale of AARe yesterday.
The UK's FSA has already approved the sale of its sister company, Brandywine Reinsurance Company to Randall & Quilter.
The sale was approved subject to a number of conditions. These include an actuarial review of reserves every two years and a restriction on redomiciling out of the state without prior approval.
AARe will be renamed R&Q Reinsurance Company once the agreement is ratified.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
