R&Q acquires runoff reinsurer
Randall and Quilter has acquired Agency Program Insurance Company for £1.1m.
APIC, which is in run-off, has a total net asset value of £1.8m and reserves in the region of £6.5m.
Ken Randall, chairman and CEO of R&Q, said: "We are delighted to complete the acquisition of APIC.
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