• Strategy
  • Innovation
  • Expertise

Acquisition of Western Captive Insurance Company Designated Activity Company

2 October, 2018

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce it has entered into an agreement to acquire Western Captive Insurance Company Designated Activity Company (“WCIC”) from the Coffey Group of companies in Ireland, their Irish domiciled captive insurance company. The acquisition is subject to receiving regulatory approval from the Central Bank of Ireland.

WCIC underwrote general and employers’ liability insurance from 2007 to 2011 covering various members of the Coffey Group. R&Q intends to transfer the business to its Maltese rated company, Accredited Insurance (Europe) Limited, subject to regulatory and Irish court approval.

Commenting on today’s announcement, Ken Randall, Chairman and Chief Executive Officer of R&Q, said: “I am delighted that we have agreed the acquisition of WCIC, subject to regulatory approval, and it follows other successful deals in Ireland. A continued soft market, pressures on capital from Solvency II and forthcoming challenges from Brexit and base erosion and profit shifting are providing increasing opportunities for R&Q to provide either complete finality or partial relief through removal of defined portfolios. We are also especially pleased to transact with an Irish domiciled company where we are aware of further opportunities. The acquisition continues to demonstrate the ability of R&Q to provide exit solutions for end of life captive insurance companies. We remain excited about our legacy acquisition pipeline.”

Click here for the full press release.

Acquisition of Western Captive Insurance Company Designated Activity Company

Latest News

Adjournment of Special General Meeting
Adjournment of Special General Meeting

Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (the “Company”, and together with its subsidiary undertakings “R&Q”), announces that the Special General Meeting (“SGM”) that was held earlier today, 20 May 2022, at 2.00 p.m. has been adjourned for a short …

Publication and posting of Circular
Publication and posting of Circular

On 1 April 2022, Brickell and R&Q announced that they had agreed the terms of a recommended cash acquisition of the entire issued ordinary share capital of R&Q by Brickell (the “Acquisition”) as well as $100 million of new equity …

Recommended Acquisition of Randall & Quilter Investment Holdings Ltd by Brickell PC Insurance Holdings LLC
Recommended Acquisition of Randall & Quilter Investment Holdings Ltd by Brickell PC Insurance Holdings LLC

RECOMMENDED ACQUISITION of Randall & Quilter Investment Holdings Ltd by Brickell PC Insurance Holdings LLC and commitment to provide $100 million of new equity funding Summary Brickell PC Insurance Holdings LLC (“Brickell”) and Randall & Quilter Investment Holdings Ltd (“R&Q”) are pleased …