Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the acquisition of Vigneron Insurance Company, Inc. (VICI), a Montana-based captive insurer.
R&Q has acquired VICI from a wholly owned private investment holding company with diverse holdings in a range of industries, real estate, marketable securities and other investments.
The Montana captive insurer underwrote deductible reimbursement policies to cover the obligations under insurance policies taken out by affiliated entities.
R&Q states that it intends to merge VICI into its Vermont captive consolidator insurer, ICDC Ltd., in the first-quarter of this year, subject to regulatory approval.
Executive Chairman of R&Q, Ken Randall, commented: “We are pleased to have completed the acquisition of VICI, our first transaction in Montana, and provided VICI’s parent company with legal and economic finality for its captive.
“Our legacy pipeline remains strong across the Group and we look forward to closing more transactions in the coming weeks.”
