Randall & Quilter II Holdings Limited has agreed to acquire the entire issued share capital of The World Marine & General Insurance Co. from BHP Group Limited.
WMG was incorporated in England & Wales in 1894 and was purchased in 1987 by BHP, a global minerals, oil and gas company. WMG wrote various insurance coverages and from 1987 the company provided insurance protection solely for the BHP Group until it was placed into run-off in 2001.
This is R&Q’s second acquisition agreement this week; the other involves acquiring Inceptum Insurance Co., which used to be a unit of subsidiary of HSBC Bank.
R&Q’s legacy insurance unit profits from management of legacy non-life insurance portfolios.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
