M&A Deal Summary

R&Q Acquires Rank Insurance

On March 29, 2016, R&Q acquired insurance company Rank Insurance

Acquisition Highlights
  • This is R&Q’s 13th transaction in the Insurance sector.
  • This is R&Q’s 3rd transaction in Channel Islands.

M&A Deal Summary
Date 2016-03-29
Target Rank Insurance
Sector Insurance
Buyer(s) R&Q
Deal Type Add-on Acquisition

Target

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.

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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 13 of 26
Sector (Insurance) 13 of 26
Type (Add-on Acquisition) 8 of 15
Country (Channel Islands) 3 of 3
Year (2016) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Synergy Insurance Services Holdings

London, United Kingdom

Synergy Insurance Services Holdings Ltd. is a provider of personal insurance and commercial policies for jewelry and fine arts. Company provides a range of bespoke specialist personal HNW household and lifestyle products to UK brokers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 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.

Buy -
Mergr

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