R&Q in advanced talks to buy FirstCity legacy
Expansive Randall & Quilter Investment Holdings (R&Q) is
close to buying Lloyd's broker FirstCity's legacy business,
The Insurance Insider can reveal.
On the 1 April, AJ Gallagher bought FirstCity's live business
for $32mn, according to the company's SEC filing, leaving a
non-trading company with legacy obligations. The transaction saw
substantially all of FirstCity's (FCPL) business transferred to
AJG, and it is understood from market sources that R&Q is close
to buying the legacy rump of the financial institutions
specialist.
If...
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