• Strategy
  • Innovation
  • Expertise

Transfer of the business of Aegon Insurance Company (UK) Limited to R&Q Insurance (Malta) Limited

8 September, 2016

Randall & Quilter Investment Holdings Ltd. (‘R&Q’) is pleased to announce the sanction of the transfer pursuant to Part VII of the Financial Services & Markets Act 2000 of business from Aegon Insurance Company (UK) Limited (AIC) to R&Q Insurance (Malta) Limited (“RQIM”).

AIC is a general insurer, which has been in runoff since 1994, that was acquired by Guardian Assurance Group (GA) in 2002, GA is a Life Insurer and wished to dispose of its General Insurance Liabilities.

RQIM was incorporated in 2013 for the purpose of consolidating owned and acquired insurance, reinsurance and captive portfolios from across Europe. The AIC business transferred to RQIM is further proof of the concept of consolidating the runoff of long term liabilities.

Commenting on today’s announcement, Ken Randall, Chairman and Chief Executive Officer of Randall & Quilter, said: “We are delighted to have completed the transfer of this book of business, demonstrating that R&Q can assist Insurers in managing their business. This transaction adds further to the scale of R&Q Insurance (Malta), and allows a life insurer to concentrate on its core business by divesting the general insurance risks from its portfolio”.

Click here for the full Press Release

Transfer of the business of Aegon Insurance Company (UK) Limited to R&Q Insurance (Malta) Limited

Latest News

R&Q completes on two further transactions
R&Q completes on two further transactions

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the completion of a transaction to assume the Workers’ Compensation liabilities of a Vermont based self-insurer by R&Q’s wholly owned A- rated carrier, Accredited Surety and Casualty Company, Inc …

Completion of R&Q’s acquisition of MPS Risk Solutions Limited
Completion of R&Q’s acquisition of MPS Risk Solutions Limited

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 …

Accredited announces new program underwriting partnership with Kitsune Ltd
Accredited announces new program underwriting partnership with Kitsune Ltd

Randall & Quilter Investment Holdings Ltd. (‘’R&Q’’) is pleased to announce that its wholly-owned European subsidiary Accredited Insurance (Europe) Limited (‘’Accredited’’) has signed a new program underwriting partnership with Kitsune Limited (‘’Kitsune’’), a UK MGA providing private motor insurance. Kitsune …