Announced
Financials
Tags
Cayman Islands
Friendly
Insurance Brokers
Private
Majority
Acquisition
insurance
Pending
Single Bidder
Domestic
Synopsis
Randall & Quilter Investment Holdings, a non-life global specialty insurance company, agreed to acquire ICI Insurance, an independent insurance agency, from Imperial Chemical Industries. Financial terms were not disclosed. “This is another acquisition for R&Q that demonstrates the ability to assist companies in finalising legacy long tail exposures. R&Q takes pride in providing finality for captive owners either through outright acquisition or partial structured solutions such as reinsurance or novation,” Paul Corver, R&Q Group Head of M&A.
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