R&Q acquires French reinsurer as Global Re alliance bears fruit
Expansive legacy and services specialist Randall & Quilter
(R&Q) has closed a EUR3.2mn deal to take over French reinsurer
La Licorne Compagnie de Réassurances.
La Licorne has been in run-off since 1991 and was primarily a
writer of third party motor reinsurance.
The company is managed by European continental run-off group Global Re, which is R&Q's strategic partner. It had net reserves of EUR8.3mn at year-end 2009 and the company's most recent accounts from 2008 state its net asset value...
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