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  5. R&Q Acquires Northern Foods Insurance

M&A Deal Summary

R&Q Acquires Northern Foods Insurance

On March 28, 2012, R&Q acquired insurance company Northern Foods Insurance

Acquisition Highlights
  • This is R&Q’s 8th transaction in the Insurance sector.
  • This is R&Q’s 1st transaction in Channel Islands.

M&A Deal Summary
Date 2012-03-28
Target Northern Foods Insurance
Sector Insurance
Buyer(s) R&Q
Deal Type Add-on Acquisition

Target

Northern Foods Insurance

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

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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 8 of 27
Sector: Insurance M&A 8 of 27
Type: Add-on Acquisition M&A Deals 5 of 16
Country: Channel Islands M&A 1 of 3
Year: 2012 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Trimac Acceptance

Barbados

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-04 RAB Insurance

Channel Islands

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

Buy -
Mergr

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