Randall & Quilter to acquire Inceptum Insurance from Syndicate Holding.

Randall & Quilter Investment Holdings, a holding company for a group of companies which operate in the non-life run-off insurance sector, agreed to acquire Inceptum Insurance, a non-life insurance company, from Syndicate Holding, a non-life insurance company. Financial terms were not disclosed. “We are delighted to have agreed terms to acquire Inceptum. R&Q takes pride in providing finality for owners and we are pleased to see clear evidence of increased demand for legacy solutions throughout 2020. While logistically it has taken longer to complete deals due to Covid-19, we are pleased to report that we have a healthy pipeline of opportunities and a number of further transactions which are nearing completion. We therefore look forward to announcing further legacy transactions over the course of the next few weeks,” Paul Corver, R&Q Group Head of M&A.