Director Declaration

RNS Number : 8566M

Randall & Quilter Inv Hldgs Ltd

30 August 2013

 



Randall & Quilter Investment Holdings Ltd.

Director Dealings

30 August 2013

The Group has been notified that Paul McNamara, Non-Executive Director, sold 5,000 ordinary shares in the Group at a price of 140 pence per share on 29 August 2013 and a further 15,000 ordinary shares in the Group at a price of 138p per share today.

Following these transactions Mr McNamara holds 109,106 ordinary shares, which represents 0.15% of the Group's issued share capital (excluding shares held by the Employee Benefit Trust (the "EBT") which has waived its voting rights).

- Ends -

Enquiries to:

Randall & Quilter Investment Holdings Ltd		www.rqih.com
Tom Booth		Tel: [phone]
	FTI Consulting
	Edward Berry Tom Blackwell		Tel: [phone] Tel: [phone]

Notes to Editors:

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;

·     Insurance Services; and

·     Underwriting Management

The Group:

·     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 current portfolio of 12 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£91.3m as at 31 December 2012

·     owns a Bermuda Class 3A insurance company which currently supports the Group's four syndicate participations;

·     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 MGA business units; and

·     acquires and manages a portfolio of insurance receivables, with a carrying cost of c.£6.5m as at 31 December 2012.

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

 

END

 

 

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