M&A Deal Summary

R&Q Acquires Agency Program Insurance Company

On July 18, 2016, R&Q acquired insurance company Agency Program Insurance Company

Acquisition Highlights
  • This is R&Q’s 14th transaction in the Insurance sector.
  • This is R&Q’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2016-07-18
Target Agency Program Insurance Company
Sector Insurance
Buyer(s) R&Q
Deal Type Add-on Acquisition

Target

Agency Program Insurance Company

Bermuda
Agency Program Insurance Company (SAC) Ltd. is a provider of reinsurance services. The company was incorporated in 2005 and is based in Bermuda.

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Buyer(S) 1

Buyer

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 14 of 26
Sector (Insurance) 14 of 26
Type (Add-on Acquisition) 9 of 15
Country (Bermuda) 1 of 3
Year (2016) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Rank Insurance

St Peter Port, Channel Islands

Rank Insurance Ltd. is a provider of services to both the live and legacy (re)insurance markets to support growing businesses and address complex and challenging run-off issues.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-09 The Royal London General Insurance

United Kingdom

The Royal London General Insurance Co. Ltd. is a UK non-life insurance company provides a range of services to both the live and legacy (re)insurance markets.

Buy £12M
Mergr

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