R&Q Takes On $103M Historic Asbestos Liabilities

Law360, London (March 13, 2020, 2:20 PM GMT) -- Legacy insurer Randall & Quilter will take on a “volatile” book of occupational disease liabilities dating back to the 1950s, in a deal that will be overseen by regulators and require High Court approval in the U.K.

Bermuda-based R&Q said on Friday it would take on the liabilities, totaling $103.8 million, from London-based specialist shipping insurer UK P&I Club. It did not say how much it had paid for the book.

Many occupational disease claims, especially ones dating back to the 1950s, often center around asbestos exposure from ships. It can sometimes be 40 years or longer before disease symptoms manifest...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!