Notice of Results

RNS Number : 4047J

Randall & Quilter Inv Hldgs PLC

06 August 2012

 



Randall & Quilter Investment Holdings plc

Notice of Interim Results

06 August 2012

Randall and Quilter Investment Holdings plc ("R&Q"), the AIM listed specialist insurance investor, service provider and underwriting manager will be announcing its financial results for the six months ended 30 June 2012 on Thursday, 6 September 2012.

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Enquiries to:

Randall & Quilter Investment Holdings PLC                              

Tom Booth                                                                            Tel: [phone]

FTI Consulting                                                                                

Neil Doyle/Edward Berry                                                         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 four core areas:

-          Insurance Investments;

-          Insurance Services;

-          Underwriting Management; and

-          Captives.

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 10 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£85.5m as at 31 December 2011;

- provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates and owns and operates 5 MGAs.

- acquires and manages a portfolio of insurance receivables, with a carrying cost of c. £8.2m as at 31 December 2011;

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer, who both have extensive experience in the industry including as Head of Regulation of Lloyd's and as Head of the Market Financial Services Group respectively.

 

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