Randall & quilter investment holdings ltd. Announced it has completed the acquisition of the complete issued percentage capital of uk-primarily based nationale-nederlanden internationale schadeverzekering se (nnis) from its owners nn institution.
Nnis turned into transferred from the netherlands to the UK in 2012. The residual liabilities contain nnis’ exposures springing up in relation to the dutch aviation pool for years 1996 and previous. The agency might be renamed to r&q epsilon business enterprise se.
Financial information of the purchase were not launched.
The business enterprise may be controlled via r&q with the purpose of moving the remaining coverage business to one of the institution’s consolidation cars, concern to the usual regulatory and court approvals, in due path.
Commenting on these days’s statement, ken randall, chairman and leader govt officer of r&q, said: “i’m delighted that we have agreed the acquisition of nnis and it follows different a success offers inside the united kingdom. The purchase continues to demonstrate the capability of r&q to provide go out solutions for agencies in run-off and providing finality for the owners. We remain enthusiastic about our legacy acquisition pipeline.”
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