R&Q acquires Rank Insurance in Guernsey
Randall & Quilter (R&Q) II Holdings has acquired a Guernsey captive in run-off.
Regulatory approval for the acquisition of Rank Insurance has been granted and the captive wil merge with Capstan Insurance Company, R&Q’s consolidation vehicle in Guernsey, subject to necessary consents.
Ken Randall, chairman and CEO of R&Q Investment Holdings, commented: "We are delighted to have acquired Rank Insurance and this continues to demonstrate the ability of R&Q to provide exit solutions for end of life captive insurance companies.”
“This is one of a number of current transactions we have been assessing and we remain excited about our legacy acquisition pipeline.”
