Randall & Quilter buys KMS
Randall & Quilter, the run-off management service provider and acquirer of solvent insurance companies in run-off, said it has acquired KMS, the London-based provider of insurance run-off services, through the acquisition of the holding company Continuum Holdings Limited for a total cash consideration payable on completion of £1.78m.
KMS made profit before tax of £0.6m on revenues of £3m for the year ended 31 December 2007, with net assets of £1.3m at the year end.
Ken Randall, chairman and chief executive of Randall & Quilter
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