Randall & Quilter (R&Q) has acquired Vigneron Insurance Company, Inc. (VICI), a Montana captive insurer, from a wholly owned private investment holding company with diverse holdings in a variety of industries, real estate, marketable securities, and other investments.
VICI underwrote deductible reimbursement policies to cover the obligations under insurance policies taken out by affiliated entities, R&Q said.
The legacy specialist added that it intends to merge VICI into its Vermont captive consolidator insurer, ICDC, in the first quarter.
“We are pleased to have completed the acquisition of VICI, our first transaction in Montana, and provided VICI’s parent company with legal and economic finality for its captive,” said Ken Randall, executive chairman of R&Q. “Our legacy pipeline remains strong across the group, and we look forward to closing more transactions in the coming weeks.”
