paul-corver
Paul Corver, R&Q
27 November 2020Actuarial & underwriting

R&Q Re acquires a Bermuda captive

R&Q Re (Bermuda), a wholly owned subsidiary of Randall & Quilter Investment Holdings, has entered into a stock purchase agreement to acquire a Bermuda-domiciled captive insurance company.

The transaction, which is subject to customary closing conditions and regulatory approval, provides full finality for the seller after the captive was placed into run-off.

R&Q Re, a Class 3A reinsurer which is registered as a segregated account company, is R&Q’s primary legacy vehicle in Bermuda.

Paul Corver, group head of mergers and acquisitions at R&Q, said: “This continues a trend we’ve seen over the past six months or so where captive owners are seeking full and economic finality solutions. Whilst this transaction remains subject to regulatory approval, we have confidence in our ability to complete the transaction in a timely manner.”


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More on this story

Analysis
9 May 2023   The executive held the position for five years.
Analysis
18 January 2023   Paul Corver will step down at some point this year to retire after 15 years at the firm.
Executive Appointments
24 August 2022   Resolution at SGM brought by Phoenix in attempt to remove executive chair.