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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.1725 | -7.94% | 2.00 | 1.80 | 2.50 | 2.00 | 2.00 | 2.00 | 5,000 | 08:25:09 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Title Insurance | 82.8M | -297M | -0.7929 | -0.03 | 7.49M |
From May 2019 to May 2024
TIDMRQIH
RNS Number : 8830Y
Randall & Quilter Inv Hldgs Ltd
11 December 2017
Randall & Quilter Investment Holdings Ltd.
R&Q Insurance (Malta) announces delegated underwriting agreements
1 December 2017
R&Q Insurance (Malta) Limited ("RQIM") is pleased to announce that it has entered into delegated underwriting agreements with both Xpekt Limited ("Xpekt") and Blagrove Underwriting Agency Limited ("Blagrove").
Xpekt is a UK motor MGA specialising in rural private and commercial vehicles, motorcycles and specialist vehicles with anticipated annualized GWP of GBP15.6m whilst Blagrove specialises in UK fleet with expected annualized GWP of GBP11.6m. These programmes are in addition to the UK motor book being written with Eridge Underwriting Agency Ltd and the Irish motor book with Footprint Underwriting DAC.
Ken Randall, Chairman and CEO of the R&Q Group commented "We are delighted to have entered into these programmes with support provided by highly rated reinsurers. As has been previously announced, the Group is simplifying its strategy to focus on its core legacy acquisition activity and revenue generation through writing programme business from our Maltese (RQIM) and Florida (Accredited Surety & Casualty Company) licenced insurers. We have a full pipeline of opportunities across EU and US and I remain excited about this strategic development for the group."
Ends
Enquiries to:
Hot Features
Premium
Randall & Quilter Investment Holdings www.rqih.com
Ltd.
Tom Booth Tel: +1 441 247 8330
Numis Securities Limited (Nominated Adviser)
Stuart Skinner Tel: 020 7260 1000
Charles Farquhar 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 non-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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 11, 2017 02:00 ET (07:00 GMT)
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