Randall & Quilter Acquisition Secures Regulatory Nod

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Randall & Quilter acquisition secures regulatory nod

“The transaction is expected to close shortly.”

That was the statement made by Randall & Quilter (R&Q) after finally receiving regulatory approval for its swoop for GLOBAL U.S. Holdings Incorporated. Insurance Business first reported on the acquisition in the third quarter of 2018.

Read more: Randall & Quilter reveals major deals

With this hurdle passed, the Bermuda-based group’s wholly owned subsidiary Randall & Quilter America Holdings Inc. can now complete the $80.5 million purchase of the Global Re US parent. The clearance comes seven months after the legacy transaction was announced.

Part of R&Q’s mission is to generate profits and capital extractions from expert management of legacy non-life insurance acquisitions or reinsurances.