R&Q makes new acquisition

Randall & Quilter (R&Q) has snapped up LINPAC Insurance Company, a Guernsey-domiciled captive insurer, from LINPAC Finance.

R&Q paid £450,000 for the acquisition. LINPAC Insurance has been in run-off since 2006, and includes liability business (employers’ and product), workers compensation, US/Canada general liability and motor business.

Shore Capital analyst Eamonn Flannagan said: “Following the Capstan deal in November, this is the fifth such captive deal in the current year, the fourth in Guernsey, highlighting the increasing traction that R&Q is gaining in this area, both in terms of its attractions to captive owners seeking exit solutions and the deal-flow.”