Randall & Quilter Investment Holdings (GB:RQIH) has released an update.
R&Q Insurance Holdings Ltd has struck a deal to sell its UK-based legacy insurance firm Inceptum to Marco Capital Holdings Limited for £11.25 million in cash, with the transaction expected to boost liquidity by approximately £13 million. The sale is contingent on regulatory approvals and the finalization of reinsurance agreements, with completion projected for Q3 2024. The divestment of Inceptum, which had net assets of £19m but incurred a £2m loss in the previous year, is part of R&Q’s broader strategic repositioning.
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