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8 January, 2019
Further to its announcement on 19 September 2018, Randall & Quilter Investment Holdings Ltd. (‘R&Q’) is pleased to announce that its wholly owned European insurance company, Accredited Insurance (Europe) Limited, has received regulatory approval to complete the acquisition of the entire issued share capital of MPS Risk Solutions Limited (‘MPSRS’) (‘the Company’) from its owners, The Medical Protection Society Limited (‘MPS’). The acquisition completed on 31 December 2018. MPSRS was formed in January 2004 as a UK authorised insurer subsidiary of MPS. It ceased active underwriting in October 2012.
Commenting on today’s announcement, Ken Randall, Chairman and Chief Executive Officer of Randall & Quilter, said: “We are delighted to have completed the acquisition of MPSRS. R&Q takes pride in assisting companies to dispose of companies in run-off and providing finality for the owners”.
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