Run-off buyer gets PRA approval for deal
Run-off buyer Randall & Quilter (R&Q) has completed its £17m acquisition of closed captive insurer IC Insurance following the receipt of PRA approval.
The deal was first announced on 26 May this year.
IC Insurance indirectly owned by chemical firms AstraZeneca UK and Imperial Chemical Industries.
It was formed as a captive for Imperial Chemical Industries in 1926 and ceased active underwriting in 1996.
IC Insurance had claims reserves of £1.9m and shareholders’ funds of £22.5m as of 31 December 2014.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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