M&A Deal Summary

R&Q Acquires Clariant Insurance AG

On January 5, 2017, R&Q acquired insurance company Clariant Insurance AG from Clariant AG

Acquisition Highlights
  • This is R&Q’s 17th transaction in the Insurance sector.
  • This is R&Q’s 1st transaction in Liechtenstein.

M&A Deal Summary

Date 2017-01-05
Target Clariant Insurance AG
Sector Insurance
Buyer(s) R&Q
Sellers(s) Clariant AG
Deal Type Divestiture

Target

Clariant Insurance AG

Triesen, Liechtenstein
Clariant Insurance AG primarily underwrote the high layer excess products and general liability protections for the Clariant worldwide group.

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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 17 of 27
Sector: Insurance M&A 17 of 27
Type: Divestiture M&A Deals 7 of 11
Country: Liechtenstein M&A 1 of 1
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 United States Sports Insurance Co.

United States

United States Sports Insurance Co. LLC is a provider of insurance services to USA Swimming Inc., its local swimming committees. USSIC, which is in run-off, had a total net asset value of $5.3m as at 30 June 2016.

Buy $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-22 ICDC

Bermuda

ICDC is a captive insurer that provides workers compensation, commercial general liability, business auto liability, business auto physical damage, and property risks services.

Buy -

Seller(S) 1

SELLER

Clariant AG

Muttenz, Switzerland

Category Company
Founded 1995
Sector Chemicals
DESCRIPTION

Clariant AG is a specialty chemicals company. Clariant offers chemicals such as adsorbents, biocides, industrial ingredients, and detergents, as well as chemicals and dyes for textiles, leather, and paper. Clariant also manufacturers de-icing agents and fire retardants.


DEAL STATS #
Overall 9 of 14
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 9 of 14
Country: Liechtenstein M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 KEL-TECH

Midland, Texas, United States

KEL-TECH, Inc. is a manufacturer and supplier of specialty chemical products for production, field stimulation, and drilling applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Airnov

Choisy-le-Roi, France

Airnov is a formulator and manufacturer of active packaging solutions that protect drugs and other demanding products from moisture and oxygen. The company serves the pharmaceutical, diagnostic, and nutraceutical markets, and operates with a global reach through five manufacturing facilities throughout the U.S., France, India, and Asia. Airnov was formed in 2019 and is headquartered in Choisy-le-Roi, France.

Sell Fr.308M