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."
Use code "Save20" and to save 20% on selected tickets for for Intelligent InsurTECH Europe 2017 - Offer ends July 15th
Today’s stories
Nexus acquires marine cargo MGA from Aquila
Willis Re appoints Ingle as head of analytics
SCOR Global Life Americas reshuffles senior leadership
Skuld appoints new boss of Oslo business
Lobby group urges reforms to US flood insurance programme
Alliant Americas taps East region expert to drive growth
QBE partners with Australasia's risk association RIMA
Did you enjoy reading this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
