M&A Deal Summary

R&Q Acquires Trimac Acceptance

On January 1, 2012, R&Q acquired insurance company Trimac Acceptance

Acquisition Highlights
  • This is R&Q’s 7th transaction in the Insurance sector.
  • This is R&Q’s 1st transaction in Barbados.

M&A Deal Summary
Date 2012-01-01
Target Trimac Acceptance
Sector Insurance
Buyer(s) R&Q
Deal Type Add-on Acquisition

Target

Trimac Acceptance

Barbados
Trimac Acceptance Ltd. is a provider of insurance services company.

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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 7 of 26
Sector (Insurance) 7 of 26
Type (Add-on Acquisition) 4 of 15
Country (Barbados) 1 of 1
Year (2012) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-28 Northern Foods Insurance

Guernsey, Channel Islands

Northern Foods Insurance Ltd. is a provider of employer's liability, property, and motor third party risk insurance.

Buy -
Mergr

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