Following a previous announcement on June 5, 2020, Randall & Quilter Investment Holdings Ltd.’s (R&Q) wholly owned Vermont subsidiary, ICDC Ltd, has completed the acquisition of NationsBuilders Insurance Co. , a Washington D.C.-domiciled captive from NationsBuiders Insurance Services.
This marks R&Q’s third captive legacy acquisition in 2020, according to Paul Corver, group head of M&A at R&Q, in a company press release. He added that R&Q expects to announce further legacy transactions before the end of the year.
R&Q is a non-life global specialty insurance company operating two businesses: Program Management and Legacy Insurance. Legacy Insurance generates profits and capital extractions from management of legacy nonlife insurance portfolios. Program Management generates commission income from its licensed and rated carriers in the U.S., EU and the UK, writing niche program business, largely on behalf of reinsurers.
Source: Randall & Quilter Investment Holdings Ltd.
Topics Mergers & Acquisitions Carriers
Was this article valuable?
Here are more articles you may enjoy.
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
US Ready to ‘Take Any Actions Necessary’ to Fight EU ESG Rules 
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida 
At-Bay to Be Acquired by Munich Re for $575 Million 
