R&q Insurance Share Discussion Threads

[jonwig] 30/7/2013 06:08

New website has been given a bit of treatment.
I haven't checked for content yet.

hxxp://www.rqih.com/

[sogoesit] 12/6/2013 09:47

A pain-killer :-)?
Maybe, but the dividends alone have returned 14% since my purchase in 2011 coupled with capital growth of 20% pa.
Only just bettered by Chesnara.
May it long continue....
Cheers!

[lord gnome] 12/6/2013 09:16

Anodyne will do nicely thank you :-)

[this_is_me] 12/6/2013 07:49

Anodyne statement.

Boring steady progress is good.

[lord gnome] 12/6/2013 06:19

Good IMS / AGM statement today. Everything looks positive. No worries with this one.

[cnx] 10/6/2013 02:49

alto ego,thanks
I have posted on the above thread on mf today

[alter ego] 09/6/2013 08:37

cnx, not exactly, but this thread on the Fool does have some useful info hxxp://tinyurl.com/pkn6wly

[cnx] 08/6/2013 02:15

alter ego

is there a BB where AIM shares are discussed, focusing on IHT avoidance?

[sogoesit] 07/6/2013 10:46

Dealing with french business is risky in my view (based on personal experience!) but, my investment faith is in R&Q's hands, I have accumulated some 15% more to my holding today.

[alter ego] 07/6/2013 10:13

well spotted jonwig. It does also have possible implications for IHT. I've never been sure whether RQIH would be regarded as a stock that qualified for Business Property Relief as it is not a pure "trading" company as distinct from one that just invests in assets. Notwithstanding, the yield has made this an attractive punt that it might qualify for BPR and thus be exempt from IHT after two years of ownership.

Being listed on a "recognised exchange" (Bermuda is one) as defined by HMRC removes all doubt and bars RQIH from IHT relief so my holding will be heading for my ISA when the spread allows.

[jonwig] 07/6/2013 09:57

RNS prior to new Bermuda domicile:



I think this should mean RQIH can then be held in an ISA, though transferring-in would mean coping with a large bid-offer spread.

[jonwig] 06/6/2013 06:34

Equity Development on Monday's acquisition:

R&Q have made another acquisition in their core run
-off segment, this time in France: they have purchased from MMA
IARD Assurance Mutuelles 99.9% of its
reinsurance subsidiary, boldly named "La Reassurance
Intercontinentale, for €1.5m and a separate package of
"legacy" reinsurance obligations in run-off and
associated assets for €0.2m. "La RI" has been in run-off since 2010 and mainly
comprises third-party reinsurance contracts with net reserves of c.
€4.1m and net assets of c.€1.8m, so should provide negative goodwill of €0.3m as well as potential synergies through combining the administration of "La RI" with that of R&Q's other French insurers.

[manrobert] 30/5/2013 09:57

i think we can also look fwd to another update from simon thompson shortly as at current level.imos the shares look undervalued

[sogoesit] 24/5/2013 15:06

Many thanks jonwig... glad to see that you\'re a long term investor on this one!
I saw the Times article but it seemed a bit bare to me so will check your insuranceage reference.
Thanks again for the clarifications.
Good weekend to all.

[jonwig] 24/5/2013 11:42

Sogoesit - I'm glad R&Q is working out well for us!

Post #311 has a link which might help with Bermuda.
Also, as Stanmore noted (post #308) it's a specialist domicile for 'Captives' - ie. insurance cos specifically set up to insure the parent company against risks.

R&Q doesn't tell us much about Syndicate 1991, but the Times seems to know something:

The Lloyd's of London insurance market is to gain its first new underwriting syndicate in a year and a half after Randall & Quilter, the specialist investor, unveiled plans for a unit that will start assuming risks in January.

Syndicate 1991 will specialise in providing cover for small and medium sized businesses, as well as niche sporting events such as horse racing track day events. A small amount of insurance for individuals and their properties will also be provided.

A bit more here, as well:

[sogoesit] 24/5/2013 11:16

Much going on with this company.
Since my last post in October '12 where jonwig kindly helped me out I have accumulated twice on this stock, once as a re-investment of past dividends (at 137p... a bit high that...) and once as a new purchase at 107p.
I am not sure what the move to Bermuda does for the company... my understanding is that it is seeking a more favourable jurisdiction and regulatory environment for insurance; to escape the usual european indecisiveness and anti-business climate to do with insolvency regulations. Is that the gist of it?

Anyway, my trust is placed in Messrs Randall & Quilter who, I hope will continue to expand the business and pay me a handsome dividend income into my old(er) age!

However, amongst all this is the creation Of Lloyds Syndicate 191... what is this syndicate going to underwrite as business, since it is not clear to me, other than it being run by an ex manager of "Axis" (whoever they may be)?
I am hoping that this does not take them outside their "experiential" capacities in trying to manage risks they are not familiar with....
Any comments?

[speedsgh] 02/5/2013 07:47

I've no doubt the purchase is even more welcome for his kids!

[manrobert] 02/5/2013 06:51

encouraging director purchase.

[alter ego] 01/5/2013 15:17

quite right too. Lords should know how to spell or they will let the side down.

[lord gnome] 01/5/2013 14:58

I reserve the right to edit my errors to save myself further embarrassment ;-))

[jonwig] 01/5/2013 14:18

Ah, so Lord G was covering his tracks!

[alter ego] 01/5/2013 13:38

Jonwig, I think you're reading the edited version. It originally said "siting", hence the leg pull.

[jonwig] 01/5/2013 10:45

Lord G: "citing" (as also "citation", etc.) is correct.

[lord gnome] 01/5/2013 07:57

Ouch. I'll give myself a yellow card for that one.