30 September 2015Actuarial & underwriting

Randall & Quilter acquires IC Insurance


Randall & Quilter Investment Holdings (R&Q) has announced it has completed its acquisition of captive insurance firm IC Insurance, after receiving PRA approval.

Finalisation of the deal comes after R&Q announced its intention to acquire the firm on 26 May, 2015.

Ken Randall, chairman and chief executive officer of R&Q, commented when the deal was first announced: “We are delighted to have entered into an agreement to acquire IC Insurance from AstraZeneca UK and Imperial Chemicals Industries.

IC Insurance, which has been in run-off since 1996, was formed in 1926 as the UK registered captive insurer for Imperial Chemical Industries (ICI).


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More on this story

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24 August 2022   Resolution at SGM brought by Phoenix in attempt to remove executive chair.
article
1 April 2022   The shareholder will buy the legacy specialist and invest $100 million.
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3 February 2022   Katrina Exon returns to the insurer.