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30 December, 2016
On 09 September 2016, R&Q announced the acquisition of RLGI subject to regulatory approval. R&Q is now pleased to announce that regulatory approval has been received and the transaction completed on 29 December 2016.
The Company will be managed by R&Q with the intention of undertaking a Part VII Transfer of the remaining insurance business to one of the Group’s consolidation vehicles in due course, subject to the usual regulatory and Court approvals.
Commenting on today’s announcement, Ken Randall, Chairman and Chief Executive Officer of Randall & Quilter, said:
“We are pleased to have completed this transaction with The Royal London Group which removes its non-life run-off business. It continues to demonstrate the ability of R&Q to provide exit solutions for companies or portfolios in run-off and further demonstrates the attractions of R&Q’s offerings to major insurance organisations.”
The specialist UK Professional Indemnity MGA Inperio (London) Limited (“Inperio”) has worked with the European program underwriter Accredited Insurance (Europe) Limited (‘’AIEL’’), R&Q ‘s A.M. Best A- (Excellent) rated European insurance company, to launch the first professional indemnity policy focused …
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce that its wholly owned subsidiary Accredited Insurance (Europe) Limited has completed the transfer of business from Lansen Försäkringsaktiebolag (Lansen), a wholly owned subsidiary of SAAB Aktiebolag (“SAAB”). The transfer …
R&Q is pleased to announce it has acquired the Montana captive insurer, Vigneron Insurance Company, Inc. (“VICI”), from a wholly owned private investment holding company with diverse holdings in a variety of industries, real estate, marketable securities and other investments. …