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IN BRIEF: Randall & Quilter Unit Buys Insurer World Marine From BHP

Thu, 20th Aug 2020 13:21

Randall & Quilter Investment Holdings Ltd - Bermuda-based insurance services provider - Subsidiary Randall & Quilter II Holdings Ltd signs agreement to acquire the World Marine & General Insurance Co PLC from miner BHP Group Ltd, part of BHP Group PLC. No financial details of the deal are disclosed. World Marine has written various insurance coverages since incorporation in 1894 and from 1987 the company provided insurance protection solely for BHP until it was placed into run-off in 2001.

Current stock price: 158.85 pence

Year-to-date change: down 5.6%

By Tapan Panchal; tapanpanchal@alliancenews.com

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