• Strategy
  • Innovation
  • Expertise

Completion of the acquisition of AstraZeneca Insurance Company Limited

30 June, 2017

On 23 December 2016, R&Q announced the acquisition of AstraZeneca Insurance Company Limited (‘AZICO’) subject to regulatory approval and a pre-completion capital restructuring. R&Q is now pleased to announce that all necessary approvals have been received and the transaction completed on 30 June 2017.

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, subject to the usual regulatory and Court approvals, in due course.

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 AstraZeneca UK Limited. This is the second transaction that we have concluded with AstraZeneca to assist them exiting their captive insurance companies in run-off and further demonstrates the attractions of the Group’s offerings to major corporations.”

Click here for full Press Release

Completion of the acquisition of AstraZeneca Insurance Company Limited

Latest News

Listing of Senior Unsecured Floating Rate Notes
Listing of Senior Unsecured Floating Rate Notes

Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (the “Company”), the global program underwriting management and legacy acquisitions specialist, is pleased to announce that application has been made to the Irish Stock Exchange plc, trading as Euronext Dublin (“Euronext Dublin”) for …

Accredited announces new program underwriting partnership
Accredited announces new program underwriting partnership

Randall & Quilter Investment Holdings Ltd. (‘R&Q’) is pleased to announce that its wholly owned subsidiary Accredited Surety and Casualty Company, Inc. (‘Accredited’), the Florida domiciled insurance company that is licensed in all 50 States to write admitted business, has …

Accredited’s growth momentum underpinned by A.M. Best Group rating increase
Accredited’s growth momentum underpinned by A.M. Best Group rating increase

Accredited Surety & Casualty Company, Inc. (‘Accredited’), the Florida-headquartered US insurance company that is licenced to write admitted P&C business in all fifty states, has had its A.M. Best Group rating increased from VII to VIII. The group rating increase …