Solvency II driving deals

Caitlin Morrison
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SHARES in investment group Randall & Quilter (R&Q) went up by 6.22 per cent yesterday after the company announced a £17m deal to buy IC Insurance from AstraZeneca and Imperial Chemicals Industries.

R&Q boss Ken Randall said the deal was one of a number of transactions the firm is looking at where a parent is looking to make a disposal prior to the implementation of Solvency II.

The EU’s Solvency II directive is scheduled to come into force in 2016.