Randall & Quilter (R&Q)
R&Q acquires Aegon GI run-off
Randall and Quilter has acquired the general insurance run-off business of Aegon Insurance Company.
R&Q ‘back in the black’ after turnaround in results
Randall and Quilter has announced a pre-tax profit of £1.2m for the first half of 2016, a turnaround from a £4.5m loss in the same period last year.
R&Q announces capacity boost to £15m
R&Q Commercial Risk Services is boosting its long-term capacity agreement, which will see its total underwriting capacity increased to £15m.
R&Q to dispose of more businesses in 2016, focuses on cost-management
Randall and Quilter will look to dispose of more businesses this year as part of a simplification of the firm’s business model.
R&Q jumps to profit following strong legacy acquisitions contribution
Randall & Quilter reported a rise in pre-tax profit to £2.8m in 2015, from a loss of £1.6m the previous year.
Solvency II drives increase in Lloyd's legacy portfolio sales
An increasing number of firms are looking to dispose of their legacy portfolios as Solvency II puts pressure on capital requirements.
R&Q ramps up acquisitions with Rank Insurance deal
Randall & Quilter has acquired Rank Insurance Limited, a Guernsey captive firm in run-off, from Rank Overseas Holding Limited.
Plum Underwriting buys R&Q MGA Synergy
Plum Underwriting has acquired specialist high-net-worth managing general agent Synergy Insurance Service from Randall & Quilter.
R&Q acquires Maltese subsidiary of US Fidelity National
Randall & Quilter will acquire Maltese subsidiary of US-based Fidelity National, FNF Title Insurance Company, subject to regulatory approval.
R&Q completes IC Insurance purchase
Randall & Quilter has completed its acquisition of IC Insurance for £17m, a London Stock Exchange note has confirmed.
R&Q undertaking business review as H1 loss of £4.5m is recorded
Delays in legacy acquisitions, restructuring and investment costs in US services and a lower investment return have been blamed for a pre-tax loss of £4.5m at Randall & Quilter in the opening six months of 2015.
R&Q boss confident for the future despite 'challenging' 2014
Randall & Quilter chairman and CEO Ken Randall is expecting a “much improved” 2015 after bemoaning a “challenging year” in which financial performance was hampered by lower than anticipated investment income and a disappointing trading performance in the…
Independent brokers to benefit from R&Q's delegated authority platform
R&Q Commercial Risk Services has launched a delegated authority platform targeting independent brokers.
R&Q to buy IC Insurance for £17m
Randall & Quilter is to acquire IC Insurance from indirect owners Astra Zeneca UK and Imperial Chemicals Industries.
Further insurer run-off expected in Gibraltar as others plot arrival on The Rock
Several Gibraltar-based firms in danger of entering run-off are under intense regulatory scrutiny, according to market insiders, while the British overseas territory's financial watchdog says it has a number of interested parties on the hook to establish…
R&Q MGA CEO exits following Marine Services sale
Nicholas Hales has today (13 March) stepped down as CEO of R&Q MGA Limited following the sale of R&Q Marine Services to Hiscox.
Full year 2014 result likely to reflect profit warning says R&Q
Investor service provider and underwriting manager Randall & Quilter Investment Holdings has updated its trading forecast for the year ended 31 December 2014 ahead of the announcement of its final results.
Randall & Quilter and Hiscox disagree on Synergy terms
The deal between Randall & Quilter and Hiscox over R&Q's managing general agent Synergy Insurance has fallen through after not agreeing "mutually acceptable terms".
R&Q completes transfer of Danish marine business
Randall & Quilter has completed the portfolio transfer of Tryg Forsikring AS's discontinued marine business to R&Q Insurance (Malta), the group's EU run-off consolidator.
Hiscox buys two MGAs from Randall & Quilter
Hiscox has bought two London-based managing general agents R&Q Marine Services and Synergy Insurance from Randall & Quilter Investment Holdings.
R&Q completes Norwegian portfolio transfer
Randall & Quilter has completed a portfolio transfer from Norway-domiciled captive Aker Insurance to R&Q's EU run-off consolidator in Malta.
R&Q expects full year pre-tax result to be below expectations
Lower than anticipated investment income and a “disappointing” trading performance in the US have contributed to Randall & Quilter predicting its full year pre-tax result will be materially below market expectations.
R&Q faces large legal expenses from syndicate 102 dispute
The ongoing cost of a "significant" legal dispute on old syndicate 102 and several accounting technicalities were to blame for Randall & Quilter positing a loss in the first half of 2014, according to chairman and chief executive Ken Randall.
R&Q posts pre-tax loss of £600 000 for H1
Insurance investor and underwriting manager Randall & Quilter posted a pre-tax loss of £600 000 for the first six months of 2014 (H1 2013: £3m profit) following an increase in legal expense reserves.