R&Q sells Norwegian subsidiary

Randall and Quilter Investment Holdings (R&Q) has sold the entire issued share capital of its Norwegian service company R&Q Triton to Gabler.

"The sale of Triton is part of the Group's disposal program of non-core operations," said Ken Randall, R&Q chairman and CEO.

"It is further evidence of our continued focus on the core activities of legacy acquisition and fee generation from the use of our licensed carriers as conduits for profitable niche insurance business to highly rated reinsurers.

"Triton has a strong position in the Norwegian insurance services market and we wish the team under Gabler, a local specialist better placed to grow the business, continued success."

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