M&A Deal Summary

Davies Acquires RQIH - Insurance Services Assets

On January 15, 2018, Davies acquired insurance company RQIH - Insurance Services Assets from R&Q

Acquisition Highlights
  • This is Davies’ 4th transaction in the Insurance sector.
  • This is Davies’ 1st transaction in Bermuda.

M&A Deal Summary
Date 2018-01-15
Target RQIH - Insurance Services Assets
Sector Insurance
Buyer(s) Davies
Sellers(s) R&Q
Deal Type Divestiture

Target

RQIH - Insurance Services Assets

Hamilton, Bermuda
RQIH Ltd. - Insurance Services Assets comprises JMD and Requiem in the UK, Quest in Bermuda, and John Heath and AMA in North America.

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Buyer(S) 1

Buyer

Davies

Stoke-on-Trent, United Kingdom
Category Company
Founded 1968
Sector Insurance
DESCRIPTION

Davies is a specialist professional service and technology business serving the global insurance market. The company delivers professional services and technology solutions across the risk and insurance value chain, including claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation, and change management. Davies was formed in 1968 and is based in Stoke-on-Trent, United Kingdom.

DEAL STATS #
Overall 6 of 8
Sector (Insurance) 4 of 5
Type (Divestiture) 1 of 1
Country (Bermuda) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 TLSS

East Sussex, United Kingdom

Total Engineering Services is one of the UK’s largest motor claims engineering providers and has grown in partnership with many of the the country’s leading insurers. Originally formed in 2001, Total Loss Settlement Services evolved to be the country’s leading total loss motor loss adjusters.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Alternative Service Concepts

Nashville, Tennessee, United States

Alternative Service Concepts LLC the workers’ compensation and property and casualty third-party administrator (“TPA”), Operating nationally across the US, ASC provides specialist end-to-end claims solutions to the US & Lloyds insurance businesses, public entities, self-insured entities, insurance agencies, and brokers.

Buy -

Seller(S) 1

SELLER

R&Q

Hamilton, Bermuda
Category Company
Founded 1991
Sector Insurance
Employees330
Revenue 81M GBP (2022)
DESCRIPTION

R&Q is a service provider and acquirer of solvent insurance companies in run-off. R&Q was founded in 1991 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
Country (Bermuda) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-22 ICDC

Bermuda

ICDC is a captive insurer that provides workers compensation, commercial general liability, business auto liability, business auto physical damage, and property risks services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-19 MPS Risk Solutions

London, United Kingdom

MPS Risk Solutions Ltd. is an insurance company. MPSRS focus on providing standard of service for claims management, in respect of those incidents that have been notified and accepted under policies that were previously in force. MPS Risk Solutions Ltd. was founded in 2004 and is based in London, United Kingdom.

Buy £16M
Mergr

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