Announced
Financials
Tags
Single Bidder
Majority
Pending
Private Equity
Acquisition
Cross Border
Friendly
insurance services
Full Line Insurance
Bermuda
Public
Synopsis
777 Partners and Brickell PC Insurance Holdings, an insurance holding firm, agreed to acquire Randall & Quilter Investment, an insurance services provider, for £482m ($632m). “We have enjoyed a strong relationship with R&Q as a shareholder since 2019 and further supported the business with an infusion of capital in 2020. We are excited about the prospect of integrating R&Q into our robust insurance ecosystem and expanding our business into the legacy space, by combining R&Q’s deep experience in managing complex run-off claims with 777’s unique asset management capabilities," Steven Pasko, Brickell Chairman.
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