29 March, 2016
News

R&Q is pleased to announce it has acquired RIL, a captive company now in run-off, from Rank Overseas Holdings Limited. Regulatory approval for the acquisition has been granted and RIL will be amalgamated into Capstan Insurance Company Limited, R&Q's consolidation vehicle in Guernsey, subject to necessary consents.

Commenting on today's announcement, Ken Randall, Chairman and Chief Executive Officer of R&Q, said: 'We are delighted to have acquired RIL 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.'

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R&Q - Randall & Quilter Investment Holdings plc issued this content on 29 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 March 2016 08:52:32 UTC

Original Document: http://www.rqih.com/acquisition-of-rank-insurance-limited/