Randall & Quilter Investment Holdings Ltd have announced that its wholly owned subsidiary, Randall & Quilter ll Holdings Limited, has established an agreement to acquire the entire issued share capital of Inceptum Insurance Company Limited.
Inceptum was incorporated in England & Wales 1998 and is now part of the Vibe Group Companies.
The business was placed into run-off in September 2009 and sold by the HSBC group to Syndicate Holding Corp on 30 September 2011.
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.”