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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| R&q Insurance Holdings Ltd | LSE:RQIH | London | Ordinary Share | BMG7371X1065 | ORD 2P (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.025 | 0.83% | 3.025 | 2.80 | 3.25 | 2.98 | 2.98 | 2.98 | 1,603,547 | 16:35:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Title Insurance | 82.8M | -297M | -0.7929 | -0.04 | 11.16M |
From Apr 2019 to Apr 2024
TIDMRQIH
RNS Number : 6860C
Randall & Quilter Inv Hldgs Ltd
24 January 2018
Randall & Quilter Investment Holdings Ltd.
R&Q completes assumption from a Risk Retention Group
24 January 2018
Randall & Quilter Investment Holdings Ltd. ("R&Q") is pleased to announce the assumption of auto liabilities from a Connecticut domiciled risk retention group ("RRG") to R&Q's wholly owned A- admitted carrier, Accredited Surety and Casualty Company, Inc.
The Connecticut risk retention group, with estimated reserves of circa $1.6m, wrote auto liability policies in California during 2015. This transaction, through Accredited, provided full finality to the RRG for the auto liabilities assumed, which now enables the entity to wind up.
Ken Randall, Chairman and Chief Executive Officer of R&Q, explained: "We are very pleased to announce our first assumption with a risk retention group was completed prior to year end. This transaction is evidence of our unique ability to provide finality solutions to U.S. self-insurers through the use of Accredited and is an area which we are looking to expand in 2018."
Ends
Enquiries to:
Hot Features
Premium
Randall & Quilter Investment www.rqih.com
Holdings Ltd.
Ken Randall Tel: 020 7780
5945
Numis Securities Limited
Stuart Skinner (Nominated Tel: 020 7260
Adviser) 1000
Charles Farquhar (Broker) Tel: 020 7260
1000
Shore Capital Stockbrokers Limited
Dru Danford / Stephane Auton Tel: 020 7408
4090
FTI Consulting
Edward Berry/Tom Blackwell Tel: 020 3727
1046
Notes to Editors:
About R&Q
The overall mission of the Bermuda based Group is to:
-- Generate profits and capital extractions from expert management of legacy on-life insurance acquisitions/reinsurances, including in Lloyd's; and
-- Grow commission income from its licensed (and rated) carriers in the US and EU/UK, writing niche and profitable programme business, largely on behalf of highly rated reinsurers.
Our aim is to continue to grow sustainable profit streams to support our business model and increase book value and cash distributions to shareholders.
The Group was founded by Ken Randall and Alan Quilter in 1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBJMJTMBMTBPP
(END) Dow Jones Newswires
January 24, 2018 02:00 ET (07:00 GMT)
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