RCS - Randall & Quilter Ld - Regulatory Approval of UK Legacy Acquisitions

R&Q Insurance HoldingsAnnouncement

05/01/2021 07:00

RNS Number : 4768K
  
Randall & Quilter Inv Hldgs Ltd
  
05 January 2021
  
 

 
 
Randall & Quilter Investment Holdings Ltd.
 
Regulatory Approval of UK Legacy Acquisitions
 
5 January 2021 
 
 
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 has completed the acquisitions of Inceptum Insurance Company Limited ('Inceptum") and The World Marine & General Insurance Company PLC ('WMG"). 
 
Inceptum was incorporated in England & Wales in 1998. The Company was placed into run-off in September 2009 and sold by the HSBC group to Syndicate Holding Corp. on 30 September 2011. Inceptum is part of the Vibe Group of companies.
 
WMG was incorporated in England & Wales in 1894 and was purchased by BHP in 1987. BHP is a world-leading resources company which focuses on the extraction and processing of minerals, oil and gas worldwide. WMG wrote various insurance coverages since incorporation and from 1987 the Company provided insurance protection solely for the BHP Group until it was placed into run-off in 2001. 
 
 
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Enquiries to:




 




Randall & Quilter Investment Holdings Ltd. 


www.rqih.com 




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 
The overall mission of the Bermuda based Group is to:
·      generate profits and capital extractions from expert management of legacy non-life insurance acquisitions/ reinsurances, including in Lloyd's; and 
 
·      grow commission income from its licensed (and rated) carriers in the US and EU/UK, writing niche and profitable programme business, largely on behalf of highly rated reinsurers.
Our aim is to continue to grow sustainable profit streams to support our business model and increase book value and cash distributions to shareholders. 
The Group was founded by Ken Randall and Alan Quilter in 1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
 
 
Website: www.rqih.com
 
 

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