R&Q splashes out on run-off acquisition

Legacy-to-live carrier Randall & Quilter (R&Q) has
completed the acquisition of United States Sports Insurance Company
(USSIC), a wholly owned captive insurer of USA Swimming, for
$2.1mn, it announced today.
USSIC had a total net asset value of $5.3mn at 30 June 2016,
adjusted for a pre-acquisition dividend. The company generated
comprehensive income of $972,000 for the year ended 31 December
2015.
The directors of USSIC will be appointed from R&Q's
existing staff in the US and Bermu