Acquisitive Randall & Quilter (R&Q) has completed its swoop for the entire issued share capital of Western Captive Insurance Company DAC (WCIC).
Thanks to the Central Bank of Ireland’s green light, R&Q now replaces the Coffey Group as WCIC’s owner. The plan is to transfer the purchased business to Accredited Insurance (Europe) Limited, R&Q’s Maltese-rated company.
Following the move, which is subject to regulatory and Irish court approval, the captive insurance firm will close.
“We are pleased to have completed the acquisition of WCIC,” commented R&Q chair and chief executive Ken Randall. “This transaction again demonstrates the wide range of legacy solutions that R&Q is able to deliver.”
