Program underwriting partnership

RNS Number : 2384M

Randall & Quilter Inv Hldgs Ltd

07 January 2019

 

Randall & Quilter Investment Holdings Ltd.

Accredited announces new program underwriting partnership with Kitsune Ltd

7 January 2019

Randall & Quilter Investment Holdings Ltd. (''R&Q'') is pleased to announce that it's wholly-owned European subsidiary Accredited Insurance (Europe) Limited (''Accredited'') has signed a new program underwriting partnership with Kitsune Limited (''Kitsune''), a UK MGA providing private motor insurance.

Kitsune is one of a number of programs targeted for completion before year end, Colin Johnson, CEO of European Program Management, said ''we are delighted to confirm this transaction and to add Kitsune to our stable of top quality MGAs.  Our pipeline remains strong allowing us to partner with experienced and well respected businesses in a number of insurance classes throughout Europe''.

Ken Randall, R&Q CEO and Chairman, added: "This transaction underlines our commitment to supporting high quality program business throughout the European Union (''EU'') and highlights the critical role that Accredited continues to play in this arena".

Accredited - which is licensed to write all non-life classes in all EU member states and is A- (excellent) AM Best rated - provides a distribution channel for reinsurers and can provide a ready-made Brexit solution to European MGAs.

Ends

Enquiries to:

Randall & Quilter Investment Holdings Ltd. www.rqih.com Ken Randall Tel: [phone] Numis Securities Limited Stuart Skinner (Nominated Adviser) Tel: [phone] Charles Farquhar (Broker) Tel: [phone] Shore Capital Stockbrokers Limited Dru Danford / Stephane Auton Tel: [phone] FTI Consulting Edward Berry/Tom Blackwell Tel: [phone]

 Notes to Editors:

 About R&Q

 The overall mission of the Bermuda based Group is to:

·  Generate profits and capital extractions from expert management of legacy non-life insurance acquisitions/reinsurances, including in Lloyd's; and

·    Grow commission income from its licensed (and rated) carriers in the US and EU/UK, writing niche and profitable program business, largely on behalf of highly rated reinsurers.

Our aim is to continue to grow sustainable profit streams to support our business model and increase book value and cash distributions to shareholders.

The Group was founded by Ken Randall and Alan Quilter in 1991.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

 

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