Regulatory approval for acquisition

RNS Number : 8222W

Randall & Quilter Inv Hldgs Ltd

23 April 2019

 

Randall & Quilter Investment Holdings Ltd.

R&Q receives regulatory approval for acquisition of GLOBAL U.S. Holdings Inc.

23 April 2019

Further to its announcement on 19 September 2018, Randall & Quilter Investment Holdings Ltd. ("R&Q"), is pleased to announce that its wholly owned US subsidiary, Randall & Quilter America Holdings Inc., has now received regulatory clearance to complete the acquisition of GLOBAL U.S. Holdings Inc. The transaction is expected to close shortly.

Ends

Enquiries to:

Randall & Quilter Investment Holdings Ltd. www.rqih.com Ken Randall Tel: [phone] Numis Securities Limited Stuart Skinner (Nominated Adviser) Tel: [phone] Charles Farquhar (Broker) Tel: [phone] Shore Capital Stockbrokers Limited Stephane Auton / James Thomas Tel: [phone] FTI Consulting Edward Berry/Tom Blackwell Tel: [phone]

Notes to Editors:

About R&Q

 The overall mission of the Bermuda based Group is to:

· Generate profits and capital extractions from expert management of legacy non-life insurance acquisitions/reinsurances, including in Lloyd's; and

·  Grow commission income from its licensed (and rated) carriers in the US and EU/UK, writing niche and profitable program business, largely on behalf of highly rated reinsurers.

Our aim is to continue to grow sustainable profit streams to support our business model and increase book value and cash distributions to shareholders.

The Group was founded by Ken Randall and Alan Quilter in 1991.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

 

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