R&Q completes acquisition of Bermuda captive

Posted: 21st March 2017 08:24

Randall & Quilter American Holdings Inc. is pleased to announce the signing of the sale and purchase agreement to acquire Linco Limited; a wholly owned captive insurer of Ameripride Services Inc. and Alsco Inc. The transaction is subject to regulatory approvals, anticipated within 30 days.

The Company is domiciled in Bermuda and provided reinsurance coverage to its shareholders for worker's compensation, general and automotive liability. Effective January 1, 1985 the company went into runoff.

Ken Randall, Chairman and Chief Executive Officer of R&Q, commented "We are delighted to announce the acquisition of Linco, subject to regulatory approvals. This transaction continues to demonstrate our market leading position, providing captive legacy solutions across Bermuda, North America and Europe. This is further proof of our rapidly growing success in the run-off market.

About R&Q

Randall & Quilter pursues a buy and build strategy and has created a comprehensive range of investment activities and services in the global non-life insurance market.

R&Q is focused on the following three core areas:

The Group:

Related articles



Subscribe to our newsletter

Sign up here and get the latest news and updates delivered directly to your inbox

You can unsubscribe at any time