28th Sep 2015 07:00
Randall & Quilter Investment Holdings Ltd
Completion of Acquisition
28 September 2015
Randall & Quilter Investment Holdings Ltd. is pleased to announce that it has, further to its announcement on 26 May 2015 and following PRA approval, completed its acquisition of IC Insurance Limited.
-Ends-
Enquiries to:
Randall & Quilter Investment Holdings Ltd. | www.rqih.com |
Tom Booth
| Tel: +1 441 247 8330 |
Numis Securities Limited | |
Stuart Skinner (Nominated Adviser) | Tel: 020 7260 1000 |
Charles Farquhar (Broker)
| Tel: 020 7260 1000 |
Shore Capital Stockbrokers Limited | |
Dru Danford / Stephane Auton
| Tel: 020 7408 4090 |
FTI Consulting | |
Edward Berry/Tom Blackwell
| Tel: 020 3727 1046 |
About R&Q
Randall & Quilter pursues a buy and build strategy and has created a comprehensive range of investment activities and services in the global non-life insurance market.
R&Q is focused on the following three core areas:
· Insurance Investments
· Insurance Services
· Underwriting Management
The Group:
· provides a range of services to both the live and legacy (re)insurance markets to support growing businesses and address complex and challenging run-off issues;
· has a team of over 400 insurance professionals based in the UK, US, Bermuda, and Europe with wide service capability in both the 'live' and 'run-off' markets;
· owns a US admitted carrier, A- rated by AM Best, with licenses throughout the US; owns a Bermuda Class 3A insurance company which currently supports the Group's syndicate participations;
· launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a capacity of £150m for 2015, manages one RITC ('run-off') syndicate, 3330, and owns and operates 2 MGA business units;
· acquires and manages a portfolio of insurance receivables, with a carrying cost of £10.6m as at 31 December 2014, of which R&Q holds a 50% interest
The Group was founded by Ken Randall and Alan Quilter in 1991.
Website: www.rqih.com
Related Shares:
RQIH.L