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24 June 2024 Insurance

Inceptum sold to Marco for $11.25m cash as R&Q files for liquidation

R&Q Insurance Holdings, on the brink of liquidation bankruptcy, has agreed to sell its UK-based legacy general insurance company, Inceptum, to Malta-based legacy acquirer Marco Capital Holdings for $11.25 million in cash. R&Q also confirmed that it has filed for liquidation at the Bermuda Supreme Court.

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