Randall & Quilter To Acquire Inceptum Insurance
Randall & Quilter Investment Holdings Ltd. [R&Q] announced that it has signed an agreement to acquire Inceptum Insurance Company Limited.
A spokesperson said, “Randall & Quilter Investment Holdings Ltd. [R&Q] is pleased to announce that its wholly owned subsidiary, Randall & Quilter II Holdings Limited, has signed an agreement to acquire, subject to regulatory approval, the entire issued share capital of Inceptum Insurance Company Limited [Inceptum]. Inceptum was incorporated in England & Wales in 1998.
“The Company was placed into run-off in September 2009 and sold by the HSBC group to Syndicate Holding Corp. on 30 September 2011. Inceptum is part of the Vibe Group of companies.
Commenting on the announcement, Paul Corver, Group Head of M&A at R&Q, said: “We are delighted to have agreed terms to acquire Inceptum. R&Q takes pride in providing finality for owners and we are pleased to see clear evidence of increased demand for legacy solutions throughout 2020.
“While logistically it has taken longer to complete deals due to Covid19, we are pleased to report that we have a healthy pipeline of opportunities and a number of further transactions which are nearing completion. We therefore look forward to announcing further legacy transactions over the course of the next few weeks.”
