• Strategy
  • Innovation
  • Expertise

R&Q Re (Bermuda) Ltd. to acquire Bermuda captive

27 November, 2020

Randall & Quilter Investment Holdings Ltd. (“R&Q”), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, today announced that its wholly owned subsidiary, R&Q Re (Bermuda) Ltd. (“R&Q Re” or the “Company”), has entered into a stock purchase agreement to acquire a Bermuda-domiciled captive insurance company. The transaction is subject to customary closing conditions and regulatory approval.

R&Q Re, a Class 3A reinsurer which is registered as a segregated account company, is R&Q’s primary legacy vehicle in Bermuda. The transaction provides full finality for the seller after the captive was placed into run-off.

Paul Corver, Group Head of M&A at R&Q, said: “We are delighted to have agreed terms on the acquisition of another captive insurer. This continues a trend we’ve seen over the past six months or so where captive owners are seeking full and economic finality solutions. Whilst this transaction remains subject to regulatory approval, we have confidence in our ability to complete the transaction in a timely manner.”

Click here for the full press release.

R&Q Re (Bermuda) Ltd. to acquire Bermuda captive

Latest News

Notice of Results
Notice of Results

Randall & Quilter Investment Holdings Ltd, (AIM-RQIH), the leading non-life global speciality insurance company focussing on Program Management and Legacy Insurance businesses, announces that it expects to publish its results for the year ended 31 December 2020 on the 24 …

William Spiegel succeeds Ken Randall as Executive Chairman
William Spiegel succeeds Ken Randall as Executive Chairman

Ken Randall retires 30 years after co-founding the Company. Randall & Quilter Investment Holdings Ltd, (AIM-RQIH) (“R&Q”), the leading non-life global speciality insurance company focussing on Program Management and Legacy Insurance businesses, today confirms that, further to the announcement made …

70 million senior unsecured floating rate notes due 2028 – passing of Written Resolution
70 million senior unsecured floating rate notes due 2028 – passing of Written Resolution

Notice of passing of a Written Resolution Randall & Quilter Investment Holdings Ltd. (the “Issuer”) announces that the written Noteholders’ resolution put to the Noteholders on 24 March 2021 (the “Resolution”) has been passed by the requisite majority. The Issuer …