Program underwriting partnership

RNS Number : 7890Q

Randall & Quilter Inv Hldgs Ltd

25 February 2019

 

Randall & Quilter Investment Holdings Ltd.

Accredited announces new program underwriting partnership with

Stabilis MGA Limited

25 February 2019

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

Colin Johnson, CEO of European Program Management, said: "We are delighted to confirm this transaction and to add Stabilis to our high-quality MGA European program offering.  We also continue to have a strong pipeline which will enable us in 2019 to partner with a number of impressive MGAs across the UK and Europe over multiple insurance classes."

Ken Randall, R&Q CEO and Chairman added: ''Having built a strong infrastructure in both Malta and London we are now seeing the fruits of that hard work. We are delighted to announce this new partnership with Stabilis." 

Accredited Europe - which is licensed to write all non-life insurance classes in all EU member states and is A- (excellent) AM Best rated - provides a ready-made 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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