Randall & Quilter to acquire the World Marine & General Insurance from BHP Group.

Randall & Quilter, a provider of finality solutions for run-off portfolios and global program capacity for MGAs and their reinsurers., agreed to acquire the World Marine & General Insurance, an insurance firm, from BHP Group, a resource entity with a specialist focus on the extraction and processing of minerals, oil and gas worldwide. Financial terms were not disclosed. “We are very pleased to have agreed terms to provide an exit to BHP for their owned insurance company. BHP are one of a number of companies with whom we are discussing exit or restructuring solutions for their captives," Paul Corver, R&Q Group Head of M&A.