Director Dealings

RNS Number : 7483X

Randall & Quilter Inv Hldgs PLC

13 February 2013

 



Director Dealings

13 February 2013

The Group has been notified that on 12 February 2013 Kevin Paul McNamara, a non-executive director of the Group, sold 10,000 ordinary shares in the Group at a price of 134 pence per share.

Following this transaction Mr McNamara holds 129,106 ordinary shares, which represents 0.26% per cent of the Group's issued share capital.

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Notes to Editors:

Enquiries to:

Randall & Quilter Investment Holdings PLC                          www.rqih.com  

Tom Booth                                                                          Tel: [phone]

Numis Securities Limited

Stuart Skinner (Nominated Adviser)                                       Tel: [phone]

Charles Farquhar (Broker)                                                     Tel: [phone]

R&Q 

Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following three core areas:

-          Insurance Investments;

-          Underwriting Management; 

-          Insurance Services & Captive Management

The Group currently:

- has a team of up to 400 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the 'live' and 'run-off' market;

- has a portfolio of 11 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£85.9m as at 30 June 2012;

- has launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a Capacity of £77m for 2013, provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates and owns and operates 3 MGAs; 

- acquires and manages a portfolio of insurance receivables, with a carrying cost of c.£8.1m as at 30 June 2012;

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer.

 

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