Class 3 Bermudan Reinsurer

Randall & Quilter Inv Hldgs PLC
11 January 2008


11 January 2008:

Randall & Quilter Investment Holdings plc ('Randall & Quilter' or the 'Group')

Approval received for Class 3 Bermudan reinsurer


Randall & Quilter, the award winning run-off management service provider and
acquirer of solvent insurance companies in run-off, has received approval from
the Bermuda Monetary Authority for the registration of a Bermudan class 3
reinsurer (Note 1), R & Q Re (Bermuda) Ltd.



As indicated at the time of the recent admission to AIM, the establishment of 
R&Q Re (Bermuda) is part of the Group's strategy to optimise capital efficiency. 
R&Q Re (Bermuda), a wholly owned subsidiary of the Group, will solely provide
intra-group reinsurance, assisting the structuring of future acquisitions and
enhancing the returns derived from new and existing insurance company
subsidiaries. It is expected that R&Q Re (Bermuda) will be capitalised purely
from internal resources, during Q1 2008.



In the past, the Group has used third party reinsurers such as Berkshire
Hathaway's National Indemnity Company to support acquisitions. The Directors
believe that the benefit of reinsuring in whole or in part with a Group-owned
entity is that the Group will reduce the economic value ceded to such third
party reinsurers and, importantly, achieve much greater flexibility as regards
the terms of such reinsurance. The Group expects to continue to work with  third
party reinsurers where intra group cover may not be available or appropriate.


Commenting on the subsidiary, Ken Randall, Chairman and Chief Executive Officer 
of Randall & Quilter, said:

'This is a development we have planned for a long time. The additional funding 
available from our AIM listing has enabled us to establish a reinsurer sooner 
than would otherwise have been possible.'


ENDS



Note 1: Class 3 Insurers



The Class 3 approval enables reinsurance of subsidiary insurance companies and a
limited capacity to underwrite third-party business,  both subject to regulatory
approval.


Randall & Quilter is the holding company for a group of companies which operate
in the non-life run-off insurance sector (the 'Group').  The Group comprises
three divisions:
     
•    Insurance Services Division.  This manages insurance portfolios in run-off 
     for both third party clients, including syndicates at Lloyd's, and for the 
     Group's own insurance subsidiaries.

•    Insurance Company Division.  This acquires solvent insurance companies in 
     run-off, avoiding companies with any material personal lines business.
     Currently this division has eight companies in its portfolio.

•    Liquidity Management Division.  This acquires reinsurance receivables on a 
     recourse or non-recourse basis and seeks to realise them for cash.

The Group has approximately 170 staff in its offices in the UK and the US and
has recently been selected as 'Run-off Management Service Provider of the Year
2007' by the Association of Run-off Companies.



Further information can be found at www.rqih.co.uk.

Enquiries:

Randall & Quilter Investment Holdings plc
Ken Randall                  Tel: [phone]        Mobile: [phone]
Alan Quilter                 Tel: [phone]        Mobile: [phone]

Noble & Company Limited
John Riddell                 Tel: [phone]        Mobile: [phone]

Numis Securities Limited
Charlie Farquhar             Tel: [phone]        Mobile: [phone]

Polhill Communications
PJ Lewis                     Tel: [phone]         [e-mail]




                      This information is provided by RNS
            The company news service from the London Stock Exchange