Randall & Quilter Inv Hldgs Ltd Completion of Acquisition
07 Agosto 2020 - 1:00AM
RNS Non-Regulatory
TIDMRQIH
Randall & Quilter Inv Hldgs Ltd
07 August 2020
Randall & Quilter Investment Holdings Ltd.
R&Q completes acquisition of NationsBuilders Insurance
Company
7 August 2020
Further to an announcement on 5 June 2020, Randall & Quilter
Investment Holdings Ltd. (AIM-RQIH) ("R&Q"), is pleased to
announce its wholly owned Vermont subsidiary, ICDC, Ltd, has
completed the acquisition of NationsBuilders Insurance Company
("NBIC"), a Washington D.C. domiciled captive from NationsBuiders
Insurance Services.
Paul Corver, Group Head of M&A at R&Q, commented: "We
are pleased to have completed the acquisition of NBIC. This marks
our third captive legacy acquisition in 2020. R&Q is well
positioned to take on books of business of all sizes and we expect
to announce further legacy transactions before the end of the
year."
Ends
Enquiries to:
Randall & Quilter Investment Holdings www.rqih.com
Ltd.
Paul Corver Tel: 020 7780 5944
Numis Securities Limited
Stuart Skinner (Nominated Adviser) Tel: 020 7260 1000
Charles Farquhar (Broker) Tel: 020 7260 1000
Shore Capital Stockbrokers Limited
Stephane Auton/James Thomas Tel: 020 7408 4090
FTI Consulting
Edward Berry/Tom Blackwell Tel: 020 3727 1046
Notes to Editors:
About R&Q
R&Q is a non-life global specialty insurance company
operating two core, highly complementary, businesses: Program
Management and Legacy Insurance. Both these businesses are leaders
in markets with high barriers to entry and significant secular
growth opportunities.
Legacy Insurance generates profits and capital extractions from
expert management of legacy non-life insurance portfolios. Program
Management generates commission income from its licensed (and
rated) carriers in the US, EU and the UK, writing niche and
profitable program business, largely on behalf of highly rated
reinsurers.
For the financial year ended 31 December 2019 R&Q reported
pre-tax profits of over GBP40 million.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website : www.rqih.com
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END
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