R&Q paid just £20.5mn for £65mn of Vibe assets, FY accounts showRandall & Quilter (R&Q) secured £65mn ($92.2mn) of net assets for just £20.5mn when it acquired legacy Lloyd’s insurer Vibe in December last year, the London-listed group’s latest full-year accounts have shown.
R&Q completes Inceptum and WMG legacy acquisition dealsRandall & Quilter Investment Holdings has begun 2021 by completing the previously announced acquisitions of Vibe Group subsidiary Inceptum Insurance Company Ltd and The World Marine & General Insurance Company.
Numis says R&Q is ‘top pick’ following £25mn Vibe dealNumis says R&Q is ‘top pick’ following £25mn Vibe deal
R&Q secures exclusivity for Vibe Syndicate run-offSoros-backed Vibe Syndicate Management Ltd has entered into exclusive sale talks with R&Q with a view to the legacy acquisitions firm taking over Syndicate 5678’s ~£250mn back year reserves, The Insurer can reveal.
15-strong Vibe team land at Hannover Re’s ArgentaA 15-strong team of casualty, financial and professional lines underwriters from now defunct Vibe Syndicate are set to move to Argenta-managed Syndicate 2121.
Faraday set to takeover Vibe’s FI business when syndicate closesFaraday Syndicate 435 is in talks to take over a five-strong financial institutions team and its book of business from the soon-to-be closed down Vibe Syndicate, The Insurer can reveal.
Soros-backed Vibe becomes latest syndicate to close since Lloyd’s crack downThe George Soros-backed Vibe Syndicate 5678 has become the third full Lloyd’s syndicate to close as a consequence of the tough performance review led by the market’s head of underwriting, Jon Hancock.
Vibe pulls out of A&H and property D&FUp-for-sale Lime Street (re)insurer Vibe Syndicate Management has closed its Accident & Health (A&H) and property D&F business units with immediate effect.
For sale Lloyd’s (re)insurer Vibe predicts fourfold top line growthDespite recent actions by Lloyd’s to shrink the size of syndicates on its platform after recent losses, the up-for-sale Lime Street (re)insurer Vibe is telling prospective buyers that it anticipates growing its top line by four times over the next six years.
Barbican takes Vibe’s Archer to lead international casualty treatyLloyd’s insurer Barbican has appointed Clive Archer as head of international casualty treaty reinsurance.
D&F writers face $30mn US Ecology lossLondon underwriters are facing their share of a $30mn loss after an explosion at a hazardous waste facility in Grand View, Idaho last month, The Insurer can reveal.