Guernsey-based Omni Whittington Investments has announced the acquisition of Singapore-based Lion City Run-Off Private (LCR) from DBS Group Holdings.
LCR's portfolio consists of London market business written through various companies and pools from 1963 to 1993 that went into run-off.
According to Omni Whittington chief executive Tony Hobrow, the purchase will enable the company to expand its Singapore operations and strengthen its presence in the Far East.
