5 January 2021Actuarial & underwriting

R&Q completes acquisitions of WMG and Inceptum

Randall & Quilter II Holdings, a wholly owned UK subsidiary of Randall & Quilter Investment Holdings (R&Q), has completed the acquisitions of The World Marine & General Insurance Company (WMG) and Inceptum Insurance Company, having received the necessary regulatory approvals.

WMG was incorporated in England & Wales in 1894 and was purchased by BHP in 1987, providing insurance protection solely for the BHP Group before being placed into run-off in 2001.

Inceptum was incorporated in England & Wales in 1998 and was placed into run-off in September 2009 before being sold by the HSBC group to Syndicate Holding on September 30, 2011. It is part of the Vibe Group of companies.