• Strategy
  • Innovation
  • Expertise

R&Q Completes Portfolio Transfer of Scandinavian Marine Business

23 January, 2015

R&Q is pleased to announce the successful portfolio transfer of Tryg Forsikring AS’s (‘Tryg’) discontinued marine business to R&Q Insurance (Malta) Limited, the group’s EU run-off consolidator. The transferring current liabilities total DKK 30.1 million.

The policies being transferred provided marine insurance cover for the years 1998 to 2010 to policyholders in Denmark, Sweden and Norway.  Following the transfer the claims will be managed by R&Q Triton AS in Oslo, R&Q’s local insurance and claims management company.

Commenting on the acquisition Paul Corver, Head of M&A at R&Q, said: “We are delighted to be able to announce another successful portfolio transfer, further to that from Aker Insurance which we recently completed. We believe that R&Q is able to provide a compelling exit solution for discontinued lines of business, and this is another example of our ability to provide such finality for EU insurers. This is the first transfer from a Danish insurer into our Malta platform and a clear demonstration of our ability to execute cross-border EU transfers.”

Click here to download the full Press Release

R&Q Completes Portfolio Transfer of Scandinavian Marine Business

Latest News

Appointment of Broker
Appointment of Broker

Randall & Quilter Investment Holdings Ltd. (“Randall & Quilter”) today announces the appointment of Barclays Bank PLC (“Barclays”) as its joint corporate broker with immediate effect. Barclays will work alongside Randall & Quilter’s existing corporate broker and nominated adviser, Numis …

Director/PDMR Shareholding
Director/PDMR Shareholding

The Company has been notified that on 6 January 2021 Alan Quilter, the Chief Executive Officer of the Company, sold his interest in 400,000 ordinary shares in the Company. Mr Quilter continues to hold 2,078,091 ordinary shares which represents 0.93% …

Regulatory Approval of UK Legacy Acquisitions
Regulatory Approval of UK Legacy Acquisitions

Further to its announcements on 19 August 2020 and 21 August 2020, Randall & Quilter Investment Holdings Ltd. (“R&Q”), is pleased to announce that its wholly owned UK subsidiary, Randall & Quilter II Holdings Limited, has received regulatory approval and …