Reinsurance News

R&Q completes Inceptum & WMG acquisitions

6th January 2021 - Author: Matt Sheehan

Randall & Quilter Investment Holdings Ltd. (R&Q) has completed its acquisitions of Inceptum Insurance Company Limited and The World Marine & General Insurance Company PLC (WMG).

Randall & QuilterR&Q recently received regulatory approval for both acquisitions, which were first announced back in August 2020.

Inceptum is part of the Vibe Group of companies and was incorporated in England & Wales in 1998.

The company was placed into run-off in September 2009 and sold by the HSBC group to Syndicate Holding Corp. on 30 September 2011.

WMG, meanwhile, was incorporated in England & Wales in 1894 and was purchased by BHP in 1987.

BHP is a resources company that focuses on the extraction and processing of minerals, oil and gas worldwide.

WMG wrote various insurance coverages since incorporation and from 1987 the Company provided insurance protection solely for the BHP Group until it was placed into run-off in 2001.

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