R&Q Acquires Montana Captive Insurer Vigneron
R&Q is pleased to announce it has acquired the Montana captive insurer, Vigneron Insurance Company Inc. from a wholly owned private investment holding company.
Terms of the deal were not disclosed.
VICI underwrote deductible reimbursement policies to cover the obligations under insurance policies taken out by affiliated entities.
R&Q intends to merge VICI into R&Q’s Vermont captive consolidator insurer, ICDC Ltd., in early 2020, subject to regulatory approval.
Popular Today
- Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft
- AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir
- Cessna Jet Tied to Nascar Driver Greg Biffle Crashes in North Carolina
- Viewpoint: What Marijuana’s Move to Schedule III Really Means for Cannabis Insurance