R&Q seals acquisition of NN Group's Nationale-Nederlanden
Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) has completed the acquisition of the entire issued share capital of UK-based Nationale-Nederlanden Internationale Schadeverzekering (NNIS) from its owners NN Group.
NNIS, an insurance and asset management company, was transferred from the Netherlands to the UK in 2012. The residual liabilities comprise NNIS’s exposures arising in relation to the Dutch Aviation Pool for years 1996 and prior.
Following the deal, the company will be renamed to R&Q Epsilon Company. It will be managed by R&Q with the intention of moving the remaining insurance business to one of the group’s consolidation vehicles, subject to the usual regulatory and court approvals.
Ken Randall, chairman and chief executive officer of R&Q, said: “I am delighted that we have agreed the acquisition of NNIS and it follows other successful deals in the UK. The acquisition continues to demonstrate the ability of R&Q to provide exit solutions for companies in run-off and providing finality for the owners. We remain excited about our legacy acquisition pipeline.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Investment firm files antitrust complaint against AmTrust and Stone Point Capital
Aviva picks new CEO in 'highly competitive process'
Enstar, Maiden terminate $2.68bn loss portfolio transfer deal
Chubb and Aon’s Impact Forecasting to develop Manhattan terrorism risk model
Arch Capital unveils strategic leadership changes
Download our whitepaper: 'Why Automation & AI Matters For Commercial Lines'
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze