14 January 2015 Insurance

R&Q to sell RQMS & Synergy to Hiscox

Randall & Quilter (R&Q), the insurance services and investment company, has reached a preliminary agreement to sell R&Q Marine Services (RQMS) and the business of Synergy to the Hiscox Group.

The potential sale of these businesses is part of the targeted disposal plan mentioned in the trading update in November.

R&Q said that the completion is currently anticipated to be within the first quarter of 2015.

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