12th Jan 2022 14:58
Randall & Quilter Investment Holdings Ltd - London-based insurance company focused on program management and legacy insurance businesses - Says its subsidiary R&Q Accredited Ltd signs five-year programme management deal with London-based First Underwriting Ltd. Says deal has targeted capacity of around GBP1 billion in gross written premium over the period.
"This is a significant agreement with First Underwriting, with GBP1 billion in gross written premium targeted over a five-year period. Long-term partnerships will support our objective of delivering sustainable and predictable growth in our program management business and we aim to announce further agreements in 2022," Chief Executive Alan Quilter says.
Current stock price: 154.40 pence, up 1.4% on Wednesday
12-month change: down 2.5%
By Abby Amoakuh; [email protected]
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