R&Q Acquires Vigneron Insurance Company
Randall & Quilter Investment Holdings Ltd. [R&Q] has acquired the Montana captive insurer, Vigneron Insurance Company Inc. [VICI] from a wholly owned private investment holding company.
“VICI underwrote deductible reimbursement policies to cover the obligations under insurance policies taken out by affiliated entities,” the company said. R&Q intends to merge VICI into R&Q’s Vermont captive consolidator insurer, ICDC Ltd., in Q1 2020, subject to regulatory approval.”
“Ken Randall, Executive Chairman of R&Q, explained: “We are pleased to have completed the acquisition of VICI, our first transaction in Montana, and provided VICI’s parent company with legal and economic finality for its captive.
“Our legacy pipeline remains strong across the Group and we look forward to closing more transactions in the coming weeks.”
