RANDALL & QUILTER INVESTMENT HOLDINGS LTD


Randall & Quilter Investment Holdings Ltd. (R&Q) is listed on the London Stock Exchange’s Alternative Investment Market (AIM) and provides core services of legacy acquisitions and program underwriting management. The Group was founded by Ken Randall and Alan Quilter in 1991. R&Q has a proven track record over three decades of acquiring discontinued books of non-life business and non-life (re)insurance companies and captives in run-off. We have access to capital and the experience of managing run-off which enables us to free management and investors from the cost and constraints of handling discontinued business. We can do this on both sides of the Atlantic with our licenced platforms in the US, Bermuda and Europe. Our recently announced transaction with ProSight Specialty Insurance (click here for press release) also highlights our commitment to providing these exit solutions to the Lloyd’s market. These same licenced platforms are also crucial for R&Q’s second core service: the provision of program underwriting management services. R&Q’s US and EU-regulated (re)insurance companies act as conduits between MGAs and other niche underwriters and their capital providers, typically (re)insurers. Our platforms provide the authorised insurance paper enabling insurance entrepreneurs to develop and build their businesses in partnership with their capital providers. The Randall & Quilter Group: Has a team of over 200 insurance professionals based in Bermuda, the US and Europe, with service capability in both the live and legacy markets Owns and manages a portfolio of insurance companies, both active and in run-off, in the UK, US and Europe Owns a US admitted carrier, Accredited Surety & Casualty Company, Inc., rated A- (Excellent) by A.M. Best, with nationwide licences; owns a Bermuda Class 3A insurance company Owns a European insurer, R&Q Insurance (Malta) Limited, also rated A- (Excellent) by A.M. Best, with “passporting” rights throughout the EU Provides Lloyd’s RITC solutions through its legacy Syndicate 3330 Raised circa £65m in 2017 to finance the expansion of core legacy and program underwriting management services Completed 17 legacy transactions in the first half of 2017 Sold R&Q Managing Agency Limited in November 2017 to focus on Lloyd’s run-off business Sold Insurance Services and Captive Management operations to Davies Group in January 2018.
Bank NameRANDALL & QUILTER INVESTMENT HOLDINGS LTD
Stock ExchangeLSE
SymbolRQIHL
SectorFinance
IndustryInsurance
CountryBermuda
World RegionNorth America
ChairmanMr. Alan Kevin Quilter
CEOMr. Alan Kevin Quilter
Employees411
Websiterqih.com
Registered Year1991

  2017 2016 2015
  € m € m € m
Revenue      
Total interest income
Total Interest Expenses
Net Interest income
Total Net Revenue
       
Earnings per share      
Basic 0.12 0.04 0.06
Diluted 0.12 0.04 0.06
       
Assets      
Total current assets 5,99,559 5,01,090 3,84,516
Other assets 36,969 87,059 51,499
Total assets 10,65,791 7,86,212 5,49,262
Total current liabilities 7,426 40,744 22,589
Total liabilities 8,99,185 6,91,838 4,62,684
Total Equity 1,66,772 94,368.00 86,521.00
       
Net income      
Net cash provided by operating activities 14 15 22
Net cash used for investment activities 37 5 20
Net cash provided by financing activities 17 3 2
       
       
Source:http://www.rqih.com      
Currency in EUR, All numbers in million.      

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