R&Q completes EUR22mn legacy deal with Lufthansa captive
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R&Q completes EUR22mn legacy deal with Lufthansa captive

Samuel Casey
09 September 2021
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Randall & Quilter (R&Q) has agreed a loss portfolio transfer of reinsurance business worth around EUR22mn ($26mn) with the airline Lufthansa’s captive insurer Delvag Versicherungs.

The deal was transacted with the assistance of Black Forest Reinsurance Consulting and placement broker Guy Carpenter.

Following the transaction, Delvag reaches economic finality of a third-party reinsurance portfolio with around EUR22mn of reserves.

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