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Reprints
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.
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Turkish airlines cancel flights to Iran and Iraq amid war concerns
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms