M&A Deal Summary

R&Q Acquires The Royal London General Insurance

On September 9, 2016, R&Q acquired insurance company The Royal London General Insurance from The Royal London Mutual Insurance Society for 12M GBP

Acquisition Highlights
  • This is R&Q’s 15th transaction in the Insurance sector.
  • This is R&Q’s 2nd largest (disclosed) transaction.
  • This is R&Q’s 6th transaction in the United Kingdom.

M&A Deal Summary
Date 2016-09-09
Target The Royal London General Insurance
Sector Insurance
Buyer(s) R&Q
Sellers(s) The Royal London Mutual Insurance Society
Deal Type Divestiture
Deal Value 12M GBP

Target

The Royal London General Insurance

United Kingdom
The Royal London General Insurance Co. Ltd. is a UK non-life insurance company provides a range of services to both the live and legacy (re)insurance markets.

Search 198,339 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 15 of 26
Sector (Insurance) 15 of 26
Type (Divestiture) 6 of 11
Country (United Kingdom) 6 of 9
Year (2016) 4 of 5
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Agency Program Insurance Company

Bermuda

Agency Program Insurance Company (SAC) Ltd. is a provider of reinsurance services. The company was incorporated in 2005 and is based in Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 United States Sports Insurance

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

Seller(S) 1

SELLER

The Royal London Mutual Insurance Society

London, United Kingdom
Category Company
Founded 1861
Sector Insurance
Employees2,922
DESCRIPTION

Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £83.4 billion. Group businesses serve around 5.3 million policyholders and employ 2,922 people.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Ascentric

Bath, United Kingdom

Ascentric is a digital wrap and wealth management platform, available exclusively to financial advisers and offers a fully integrated online investment management and dealing platform. It also enables advisers to transfer their clients’ assets onto a single platform to provide them with the ability to manage their clients’ financial needs in just one place.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-27 Ascentric

Bath, United Kingdom

Ascentric is a digital wrap and wealth management platform, available exclusively to financial advisers and offers a fully integrated online investment management and dealing platform. It also enables advisers to transfer their clients’ assets onto a single platform to provide them with the ability to manage their clients’ financial needs in just one place.

Sell -
Mergr

Product

Company

Legal