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Randall & Quilter acquires captive from AstraZeneca

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Bermuda-based run-off insurance specialist Randall & Quilter Investment Holdings Ltd. has completed the acquisition of U.K.-based captive AstraZeneca Insurance Co. Ltd., The Royal Gazette reported. When it announced the acquisition in December 2016, R&Q said that it expected the price to be between $13.1 million and $44.7 million. AstraZeneca Insurance is the captive insurer of biopharmaceutical firm AstraZeneca U.K. Ltd. and it stopped active underwriting in 2004.

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