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R&q Insurance Holdings Ltd (RQIH)
R&q Insurance Holdings Ltd (RQIH) News

RQIH R&q Insurance Holdings Ltd

2.21

-0.30 (-11.95%)

26 Apr 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
R&q Insurance Holdings Ltd	LSE:RQIH	London	Ordinary Share	BMG7371X1065	ORD 2P (DI)

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.30	-11.95%	2.21	2.15	2.27	2.26	2.26	2.26	2,967,542	16:35:29

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Title Insurance	82.8M	-297M	-0.7929	-0.03	8.47M

Randall & Quilter Acquires Captive Insurer ICDC

22/03/2017 9:09am

Dow Jones News

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LONDON--Insurance services company Randall & Quilter Investment Holdings Ltd. (RQIH.LN) said Wednesday that it has acquired ICDC Ltd., a captive insurer of engineering company Cummins Inc. (CMI), for an undisclosed sum.

A captive insurance company is a company that provides risk-mitigation services for its parent company or for a group of related companies.

ICDC, which is in run-off, reinsured workers' compensation, commercial general liability, business auto liability, business auto physical damage and property risks of its parent. It had a total net asset value of $7.95 million as at Dec. 31, 2016, and reserves of around $2.76 million.

Shares of Randall & Quilter at 0837 GMT were unchanged at 124 pence.

Write to Tapan Panchal at tapan.panchal@wsj.com

(END) Dow Jones Newswires

March 22, 2017 04:54 ET (08:54 GMT)