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Randall & Quilter, an AIM traded run-off management service provider and acquirer of solvent insurance companies in run-off, has acquired  KMS, a London-based provider of insurance run-off services, through the acquisition of the holding company Continuum Holdings for £1.78 million.  

Randall & Quilter and KMS have worked together on a number of projects, and the acquisition of KMS will complement the service provision capabilities of Randall’s insurance services division.  

Ken Randall, chairman and chief executive officer of Randall & Quilter, said: “'I am pleased to be able to announce the acquisition of KMS. This acquisition will bring further skills to the group to bolster its ability to administer liquidated estates, to manage schemes of arrangement and will further strengthen the senior management team within the insurance services division.”

KMS made pre-tax profit of £600,000 on revenues of £3 million for the year ended 31 December 2007.

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