Randall & Quilter (R&Q)
Coverys gains Lloyd’s nod on med-mal Syndicate 1975
Boston-based medical malpractice insurer Coverys has received in principle approval from Lloyd’s to launch Syndicate 1975.
R&Q takes on Prosight Lloyd's syndicate in run-off
R&Q has reached an agreement with Prosight Specialty Insurance to manage Syndicate 1110 in run-off.
R&Q raises £45m additional capital to fund growth plans
Randall & Quilter has raised £45m in share capital which will provide “significant growth opportunities” in future, the company said.
R&Q to continue trend of disposals and acquisitions in H2
R&Q will continue to dispose of non-key assets in the second half of the year following a 345% increase in pre-tax profit in H1.
R&Q profits up by 345% in H1
Randall & Quilter has seen a 345% increase in pre-tax profit in H1 over the same period last year.
Syndicate DTW 1991 names two new underwriters
Randall and Quilters Lloyd’s Syndicate DTW 1991 has appointed two underwriters to its UK and international underwriting team.
R&Q sells Norwegian Triton to Gabler
R&Q has sold its Norwegian service company R&Q Triton AS to Gabler AS.
R&Q sells Lloyd's managing agency to Coverys
Randall & Quilter has sold its Lloyd's managing agency, R&Q Managing Agency, to Coverys, a US-based medical professional liability insurer for $22.6m.
R&Q identifying MGAs for disposal
R&Q chairman and CEO Ken Randall has said the group is looking to simplify its business model as it identifies non-key assets for disposal.
R&Q triples pre-tax profits in 2016
Bermudan insurance investor R&Q tripled pre-tax profits in 2016 to £8.5m from £2.8m in the previous year.
Randall & Quilter buys captive insurer ICDC
Randall & Quilter Investment Holdings has completed the acquisition of ICDC, a captive insurer of an American Fortune 500 company.
Biba to outline benefits of flood SME scheme to parliament
The British Insurance Brokers’ Association will outline the benefits of its small to medium enterprise flood scheme in parliament later today.
Randall & Quilter acquires Bermudian captive Linco
Randall & Quilter has signed a sale and purchase agreement to acquire captive insurer Linco from Ameripride Services and Alsco.
R&Q raise £16.9m through share placing
Randall & Quilter has conditionally raised £16.9m through a placing of new ordinary shares with institutional shareholders and directors as the group looks to simplify its business model.
R&Q issues subordinate notes to support legacy activity in the US
R&Q has issued $20m (£16m) of floating rate S subordinated notes which will be due December 2023 from R&Q Re Bermuda, the group's 3A insurer.
Accredited Surety and Casualty enters agreement with Cinium Financial Services
Accredited Surety and Casualty Company has entered into an agreement with Cinium Financial Services Corp, which will see the company receiving surety bonds from Cinium.
R&Q buys Clariant Insurance captive
Non-life insurance investor Randall & Quilter Investment Holdings has acquired Clariant Insurance from the Swiss chemicals company Clariant AG.
Biba launches flood product for businesses in flood hit areas
The British Insurance Brokers’ Association has developed an affordable solution for small businesses excluded from Flood Re.
R&Q completes first US-based novation
Randall & Quilter has completed its first US-based self-insurer novation.
R&Q wins court case over 9/11 terrorist attacks claim
A payout from claimants in the 9/11 terrorist attack has been partly recouped by Randall and Quilter against the company's reinsurer.
R&Q to take on the Law Society of Ireland's run-off portfolio
Randall and Quilter Investment Holdings has bought the portfolio of the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund.
R&Q acquires legacy book from Belgian insurer
Randall and Quilter has taken on a portfolio of legacy exposures from Aviabel.
R&Q agrees to reinsure outstanding SIMIA contracts
Randall and Quilter has reached an agreement with closed mutual SIMIA to reinsure all outstanding contracts.
R&Q acquires RLGI run-off
Randall and Quilter has acquired RLGI, a UK non-life insurance company in run-off, from Royal London Mutual Insurance Society.