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30 September 2016
Malta
Reporter Becky Butcher

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R&Q continues shopping spree

Randall & Quilter Investment Malta (RQIM) has agreed a portfolio transfer agreement of a run-off business from Aviabel.

Aviabel, established in 2013, is a Belgian company specialising in aviation insurance and reinsurance.

Ken Randall, chairman and CEO of RQIM, said: "We are delighted to have received the necessary regulatory approvals to the business transfer and R&Q has now removed these liabilities completely from Aviabel.”

“This demonstrates the ability of R&Q to provide exit solutions from legacy insurance liabilities to companies throughout Europe. This is one of a number of current transactions we have been assessing and we remain excited about our legacy acquisition pipeline.”

The acquisition comes days after the agreement with SIMIA, a mutual insurance company, to provide loss portfolio reinsurance coverage for all insurance contracts previously underwritten by the company.

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