Randall & Quilter acquires Vibe-owned Inceptum Insurance

Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) has acquired the entire issued share capital of UK-based Inceptum Insurance Company, part of the Vibe Group of companies.

Inceptum was incorporated in England & Wales in 1998. The company was placed into run-off in September 2009 and sold by the HSBC group to Syndicate Holding Corporation on September 30, 2011.

Paul Corver, group head of M&A at R&Q, said: “We are delighted to have agreed terms to acquire Inceptum. R&Q takes pride in providing finality for owners and we are pleased to see clear evidence of increased demand for legacy solutions throughout 2020. While logistically it has taken longer to complete deals due to Covid-19, we are pleased to report that we have a healthy pipeline of opportunities and a number of further transactions which are nearing completion. We therefore look forward to announcing further legacy transactions over the course of the next few weeks.”