Randall & Quilter II Holdings has completed the acquisition of Electric Insurance Ireland DAC (EIIDAC), a wholly-owned captive insurer of Electric Insurance Company (EIC).
The wholly-owned UK subsidiary of Randall & Quilter Investment Holdings (R&Q) received regulatory approval from the Central Bank of Ireland for the acquisition.
EIIDAC was incorporated in Ireland in 2005 and wrote employers’ liability and general liability business across Europe between 2007 and 2020 until the company was placed into run-off in January 2021.
