R&Q Acquires Two Captive Insurers

Randall & Quilter Investment Holdings Ltd. announced this week its acquisition of two captive insurers that are in runoff: ICDC Ltd. and Linco Ltd. ICDC is a captive insurer of an American Fortune 500 company, R&Q said in a news release. Originally incorporated under the laws of Bermuda, ICDC was re-domiciled in Vermont in June 2015. The company reinsured workers’ compensation, commercial general liability, business auto liability, business auto physical damage, and property risks of the parent company. Now in runoff, ICDC had a total net asset value of $7.95 million as of Dec....