R&Q acquires Clariant Insurance

R&Q Insurance (Malta) Limited has acquired the entire issued share capital of Clariant Insurance AG from its owners Clariant AG.

CI was formed in 2005 as the Liechtenstein registered captive insurer for the Swiss specialty chemical company, Clariant.

It ceased active underwriting in 2015. CI primarily underwrote the high layer excess products and general liability protections for the Clariant worldwide group. The acquired company is being relocated to Malta where it will become the group's second European run-off consolidator operating under the name R&Q Insurance (Europe) Limited.

At 1:30pm: (LON:RQIH) Randall Quilter Investment Holdings PLC share price was 0p at 130.5p