M&A Deal Summary

R&Q Acquires Marillac Insurance Co.

On December 23, 2020, R&Q acquired insurance company Marillac Insurance Co. for 2M USD

Acquisition Highlights
  • This is R&Q’s 25th transaction in the Insurance sector.
  • This is R&Q’s 4th largest (disclosed) transaction.
  • This is R&Q’s 1st transaction in Cayman Islands.

M&A Deal Summary

Date 2020-12-23
Target Marillac Insurance Co.
Sector Insurance
Buyer(s) R&Q
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

Marillac Insurance Co.

Cayman Islands
Marillac Insurance Co. captive insurer that provides workers compensation, professional and general liability coverage to its parent, affiliates, and employees.

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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 25 of 27
Sector: Insurance M&A 25 of 27
Type: Add-on Acquisition M&A Deals 15 of 16
Country: Cayman Islands M&A 1 of 1
Year: 2020 M&A 4 of 5
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-21 The World Marine & General Insurance Company

United Kingdom

The World Marine & General Insurance Company PLC is a provider of insurance protection services and wrote various insurance coverages. The World Marine & General Insurance Company PLC was founded in 1894 and is based in United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-24 Vibe Syndicate Management

San Juan, Puerto Rico

Vibe Syndicate Management is an insurance company, that offers “reinsurance-to-close” for open syndicate years, which facilitates the release of trapped capital for the original Lloyd’s capital providers and insulates the Lloyd’s Central Fund by injecting incremental capital into Lloyd’s. Vibe Syndicate Management was founded in 2007 and is based in San Juan, Puerto Rico.

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