M&A Deal Summary

R&Q Acquires RAB Insurance

On October 4, 2012, R&Q acquired insurance company RAB Insurance from Drakelow Development Holdings

Acquisition Highlights
  • This is R&Q’s 9th transaction in the Insurance sector.
  • This is R&Q’s 2nd transaction in Channel Islands.

M&A Deal Summary

Date 2012-10-04
Target RAB Insurance
Sector Insurance
Buyer(s) R&Q
Sellers(s) Drakelow Development Holdings
Deal Type Divestiture

Target

RAB Insurance

Channel Islands
RAB Insurance Ltd. is a provider of insurance broking 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 9 of 27
Sector: Insurance M&A 9 of 27
Type: Divestiture M&A Deals 4 of 11
Country: Channel Islands M&A 2 of 3
Year: 2012 M&A 3 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-26 Alma Insurance Co.

Finland

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

Buy -

Seller(S) 1

SELLER

Drakelow Development Holdings

Burton-on-Trent, United Kingdom

Category Company
Sector Real Estate
DESCRIPTION

Drakelow Development Holdings Ltd. is a building foundation company.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Channel Islands M&A 1 of 1
Year: 2012 M&A 1 of 1