Randall & Quilter makes first Isle of Man captive purchase
Randall & Quilter Investment Holdings has purchased Isle of Man-domiciled captive insurer Hickson Insurance Limited (HIL) for £525,000.
The captive has been in run-off since 2002 and wrote a mixed book of business, including public and products liability, property, general liability and marine.
Ken Randall, chairman and CEO of Randall & Quilter, said the purchase was the company’s first captive acquisition in the Isle of Man, and commented: “The purchase of HIL further evidences the increasing level of acquisition activity we are seeing as a group.
“It also continues to demonstrate our ability to provide attractive exit
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