M&A Deal Summary

R&Q Acquires Alma Insurance Co.

On November 26, 2012, R&Q acquired insurance company Alma Insurance Co. from LocalTapiola General Mutual Insurance Co.

Acquisition Highlights
  • This is R&Q’s 10th transaction in the Insurance sector.
  • This is R&Q’s 1st transaction in Finland.

M&A Deal Summary

Date 2012-11-26
Target Alma Insurance Co.
Sector Insurance
Buyer(s) R&Q
Sellers(s) LocalTapiola General Mutual Insurance Co.
Deal Type Divestiture

Target

Alma Insurance Co.

Finland
Alma Insurance Co. Ltd. is a provider of reinsurance services.

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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 10 of 27
Sector: Insurance M&A 10 of 27
Type: Divestiture M&A Deals 5 of 11
Country: Finland M&A 1 of 1
Year: 2012 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-04 RAB Insurance

Channel Islands

RAB Insurance Ltd. is a provider of insurance broking services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Oval Financial Services

Leicester, United Kingdom

Oval Financial Services Ltd. is a provider of an insurance broking and financial services.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

LocalTapiola General Mutual Insurance Co. is a non-life insurer company.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2012 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Loihde

Vaasa, Finland

Loihde provides security and information solutions, information management as well as television services for companies. Loihde was founded in 1882 and is based in Vaasa, Finland.

Buy -