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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0225 | 1.05% | 2.175 | 1.85 | 2.50 | 1.85 | 1.85 | 1.85 | 1,058,484 | 16:35:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Title Insurance | 82.8M | -297M | -0.7929 | -0.02 | 6.93M |
From May 2019 to May 2024
TIDMRQIH
RNS Number : 3152I
Randall & Quilter Inv Hldgs Ltd
08 August 2019
Randall & Quilter Investment Holdings Ltd. ("R&Q")
8 August 2019
R&Q provides legacy reinsurance for a Bermuda domiciled captive
R&Q is pleased to announce the issuance of a loss portfolio transfer reinsurance covering workers' compensation, product, auto, and general liability risks. This coverage was written by R&Q's wholly owned A- admitted carrier, Accredited Surety and Casualty Company, Inc. for the benefit of a Bermuda domiciled captive. The reinsurance was part of a larger transaction involving the sale of one of the parent company's business units to a strategic buyer.
Ken Randall, Executive Chairman of R&Q, explained "We are thrilled to have been able to provide an exit solution to our client's legacy liabilities and facilitate the sale of one its largest business units. This deal demonstrates the value loss portfolio transfers may provide in the context of evaluating and executing strategic acquisitions. We are pleased that R&Q continues to be a market of choice for such transactions."
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Randall & Quilter Investment Holdings
Ltd.
Ken Randall Tel: 020 7780 5945
Numis Securities Limited (Nominated Adviser)
Stuart Skinner Tel: 020 7260 1000
Charles Farquhar
Shore Capital Stockbrokers Limited
Stephane Auton/James Thomas 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 program 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
August 08, 2019 02:00 ET (06:00 GMT)
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