Randall & Quilter Investment Holdings Ltd. has revealed that its wholly subsidiary, Randall & Quilter II Holdings Limited, has reached an agreement to acquire the entire issued share capital of Inceptum Insurance Company Limited.
Incorporated in England & Wales in 1998, Inceptum is now part of the Vibe Group of companies.
The firm was placed into run-off in September 2009 and sold by the HSBC group to Syndicate Holding Corp. on September 30th, 2011.
Paul Corver, Group Head of M&A and run-off specialist R&Q, commented: “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 Covid19, 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.”
