24 December 2020 | 07:53am StockMarketWire.com - Insurance investor Randall & Quilter Investment said it had agreed to acquire Vibe's Lloyds interests for £25 million. The deal involved the purchase of Vibe Services Management, Vibe Corporate Member and Vibe Syndicate Management. Randall & Quilter said the Vibe Group was incorporated in England and Wales in 2006 and ultimately owned by Syndicate Holdings in Puerto Rico. Vibe Syndicate 5678 was placed into run-off in December 2019. Randall & Quilter said the deal would see it assume responsibility for the run-off of Syndicate 5678, which carried net insurance liabilities of £251.1 million as at 30 June 2020. 'R&Q takes pride in providing finality for owners and we are pleased to see clear evidence of increased demand for legacy solutions at Lloyd's throughout 2020,' executive chairman Ken Randall said.