Randall & Quilter (R&Q)
R&Q gets £30m bank takeover fund
Randall & Quilter has completed a £30m funding package with Clydesdale Bank Corporate and Structured Finance to fund future acquisitions.
R&Q buys Takaful run-off firm Principle
Run-off specialist Randall & Quilter is to buy Principle Insurance, the UK Takaful motor insurer put into run-off in October 2009, for £4.275m.
R&Q: underwriting team hires will drive growth
Insurance investment company Randall & Quilter has outlined plans to boost its fledgling underwriting management division with new team hires during 2011.
Former Axa and HSBC manager Wheddon to head up R&Q MGA start up
Randall & Quilter has received regulatory approval for its first two group owned managing general agents, R&Q Commercial Risk Services and R&Q Risk Services Canada. Both MGAs have now commenced underwriting.
R&Q profits hit $3.6m
Randall & Quilter's income rose 52% to £16.1m in the first six months of the year, up from £10.6m in the first half of 2009. The company's profit before tax was £5.8m (2009: £1.2m) and basic earnings for each share are 6.9p (H1 2009: 1.7p). The insurance…
R&Q insurance profit hits £3.6m
Randall & Quilter’s income rose 52% to £16.1m in the first six months of the year (H1 2009: £10.6m).
R&Q income grows but profit drops
Randall & Quilter, the specialist non-life insurance investor, has reported a 17% of growth in group income for 2009.
R&Q acquires La Licorne
Randall & Quilter has acquired a French run-off reinsurer of third party motor business for €3.2m.
R&Q expected to settle with Equitas
Settlement will allow around $1bn of outstanding insurance claims to be paid