Randall & Quilter (R&Q)
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.
R&Q appoints Aon's Matthews as MD for Gibraltar platform
Randall and Quilter has appointed Andrew Matthews as managing director of R&Q Insurance Management (Gibraltar) previously known as R&Q Caledonian.
R&Q: active syndicate will hinder 2014 results
Randall and Quilter chief executive Ken Randall has told Post he does not expect to see the firm’s active syndicate boosting figures until 2015.
R&Q pre-tax profits down 17% after ‘weak’ active syndicate results
Randall and Quilter has seen its pre-tax profits slide by almost a fifth, falling from £11.6m to £9.6m after the firm recorded weaker than expected results from active syndicate participations.
Capita boosts business development with director appointment
Capital Insurance Services has recruited former R&Q business development manager Danny Maleary to strengthen business development.
Managing General Agents: Tightening up
Most sectors of the insurance industry audibly groan when presented with the possibility of increased regulation – so why are managing general agents welcoming the prospect?
R&Q warns profits to be hit by 'slow premium growth'
In a trading update issued ahead of its 2013 results, Randall and Quilter has warned that its live syndicate 1991 has shown slower than expected premium growth, with this likely to impact the group’s full year.
Europe: The run-off legacy
The run-off market looks set to consolidate its position in Europe, a trend borne out by a Clyde & Co survey which found 60% of insurer respondents expect to complete a deal in Europe in the next 12 months.
Market Moves - 6 February 2014
It was a busy week in recruitment again for insurers, with Ace, Marketform and XL Group among those recruiting.
R&Q promotes Morris to US captive CEO
R&Q has named Rod Morris as chief executive of its US captive operation, Quest USA.
R&Q names King as Triton COO
Randall and Quilter has appointed Bradley King as chief operating officer of captive management subsidiary Triton.
Career development: MGAA calls for nominations ahead of board elections
A number of existing representatives of full managing general agent members of the Managing General Agents' Association have revealed their intention to stand for re-election, as the MGAA begins its board election process and calls for nominations from…
Market Moves - 16 January 2014
Beazley and LV Broker were among the insurers making changes to personnel this week, while Towergate featured among the brokers making moves.
R&Q completes Chevanstell transfer
The business of Chevanstell, which traded in the UK as Tryg-Baltica International UK before going into run-off, has become part of R&Q Insurance (Malta) following a part VII transfer.
R&Q hires ex-Turnkey boss Helson as underwriting management director
Randall & Quilter has appointed Janet Helson as a director of the group’s underwriting management division.
Mega-yacht portfolio growth leads to R&Q marine MGA capacity boost
The specialist global managing general agent platform of Randall & Quilter has made it possible for R&Q Marine Services to offer yacht insurance buyers immediate capacity to insure vessels for up to €235m (£195m).
Plan to double R&Q's 2014 capacity to £150m gains Qatari support
Randall & Quilter has secured the capital to support its business plan to double its capacity to £150m for the 2014 underwriting year of account for its first party syndicate DTW 1991.
R&Q unveils Birmingham office boosted by Catlin hires
Randall & Quilter has opened the second UK regional office for its specialist managing general agent platform, based in Birmingham, with two underwriters recruited from Catlin.
R&Q named preferred credit control provider of LMA
Randall and Quilter has been selected as the preferred provider of credit control services by the Lloyd’s Market Association working group.
R&Q completes Fair run-off acquisition
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Cyprus domiciled insurer and reinsurer Flagstone Alliance Insurance and Reinsurance from the Validus Group.
R&Q hires new underwriter from Beaufort
Randall & Quilter has appointed Gordon Breslin as class underwriter at Syndicate 1991.
IUMI Preview: Charting a course
With the sector suffering major losses, long-term sustainability is high on the agenda at this year’s International Union of Marine Insurance conference. Can the market navigate the choppy waters?
R&Q acquires Woodcroft Insurance
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Guernsey domiciled captive insurer Woodcroft Insurance Company.
R&Q signals future MGA division growth
Randall & Quilter chief financial officer Tom Booth has not ruled out the company adding new accounts to its managing general agents division, and said it is progressing several run-off transactions including insurance companies.