Recent deals

r and q
March 2015
Hiscox Acquisition of Randall & Quilter Marine Services MGA

Randall & Quilter completed the sale of R&Q Marine Services, a specialist yacht and marine trades Managing General Agent (MGA) to Hiscox Ltd. As a Lloyd’s coverholder, R&Q Marine Services underwrites on behalf of leading Lloyd’s Syndicates and European insurers.

A market-leading underwriting team arranges cover for some of the world’s largest yachts, marketing through brands such as Yachtsure™ and Racecover™. The sale of RQMS for a price materially higher than its carrying value is part of the Group’s targeted disposal strategy to enable it to focus on its core strengths.

Hines Associates Limited acted as financial adviser to Randall & Quilter Investment Holdings.