Log In

Reset Password

R&Q Re to acquire Bermuda captive

R&Q Re (Bermuda) Ltd has entered into a stock purchase agreement to acquire a Bermuda-domiciled captive insurance company. The transaction is subject to customary closing conditions and regulatory approval.

R&Q Re, a Class 3A reinsurer, which is registered as a segregated account company, is Randall & Quilter Investment Holdings Ltd’s primary legacy vehicle in Bermuda. The transaction provides full finality for the seller after the captive was placed into run-off.

Paul Corver, Group head of mergers and acquisitions at R&Q, said: “We are delighted to have agreed terms on the acquisition of another captive insurer. This continues a trend we’ve seen over the past six months or so where captive owners are seeking full and economic finality solutions. Whilst this transaction remains subject to regulatory approval, we have confidence in our ability to complete the transaction in a timely manner.”

You must be Registered or to post comment or to vote.

Published November 30, 2020 at 8:00 am (Updated November 29, 2020 at 6:31 pm)

R&Q Re to acquire Bermuda captive

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon