R&Q acquires Guernsey insurer NFIL
Randall & Quilter Investment Holdings (R&Q) has acquired Northern Foods Insurance (NFIL), a captive insurer domiciled in Guernsey, for just over £700,000.
NFIL has been in run-off since 2007 and previously wrote employer’s liability, property and motor third party risks.
Ken Randall, chairman and CEO of R&Q, commented: “The acquisition of NFIL is further proof of the heightened acquisition activity we are seeing as a group.
“It also demonstrates our ability to provide attractive exit solutions for captive owners who have put their captives in run-off or are contemplating ceasing writing new business.”
He added: “Following this acquisition, we have
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