R&Q snaps up services group JMD
UK-BASED run-off specialist Randall & Quilter (R&Q) is to buy locally based JMD Specialist Insurance Services Group from the existing management team and from venture capital company BP Marsh, for £1.3m ($2.11m) in cash and 650,000 existing R&Q shares, which are currently held on behalf of the Group’s Employee Benefit Trust.