Insurance Post

R&Q to buy IC Insurance for £17m

Ken Randall

Randall & Quilter is to acquire IC Insurance from indirect owners Astra Zeneca UK and Imperial Chemicals Industries.

Randall & Quilter is to pay £17m for the company.

IC Insurance ceased active underwriting in 1996. Residual liabilities comprise of US workers' compensation reinsurance of the United Insurance Company

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