Live Breaking News & Updates on Vibe Services Management

24 December 2020 | 07:53am
StockMarketWire.com - Insurance investor Randall & Quilter Investment said it had agreed to acquire Vibe s Lloyds interests for £25 million.
The deal involved the purchase of Vibe Services Management, Vibe Corporate Member and Vibe Syndicate Management.
Randall & Quilter said the Vibe Group was incorporated in England and Wales in 2006 and ultimately owned by Syndicate Holdings in Puerto Rico.
Vibe Syndicate 5678 was placed into run-off in December 2019.
Randall & Quilter said the deal would see it assume responsibility for the run-off of Syndicate 5678, which carried net insurance liabilities of £251.1 million as at 30 June 2020.
R&Q takes pride in providing finality for owners and we are pleased to see clear evidence of increased demand for legacy solutions at Lloyd s throughout 2020, executive chairman Ken Randall said. ....

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