Randall & Quilter Inv Hldgs Ltd Accredited Completes Transaction (9372E)
May 12 2017 - 1:00AM
UK Regulatory
TIDMRQIH
RNS Number : 9372E
Randall & Quilter Inv Hldgs Ltd
12 May 2017
Randall & Quilter Investment Holdings Ltd.
Accredited writes a Blanket Vehicle Single Interest Insurance
Policy
12 May 2017
Randall & Quilter Investment Holdings Ltd. ("R&Q") is
pleased to announce its wholly owned 'A-' A.M. Best-rated,
US-admitted insurer Accredited Surety and Casualty ("Accredited")
has entered into an agreement to provide a Blanket Vehicle Single
Interest Insurance Policy. Accredited will offer and administer the
BVSI Policy together with certain subsidiaries of a US financial
corporation. Accredited has no net exposure as the transaction is
fully reinsured.
Ken Randall, Chairman and Chief Executive Officer of R&Q,
explained "We are delighted to complete another transaction in the
US through Accredited. The pipeline for additional programs
projected to be closed in 2017 is strong. Accredited is authorised
to underwrite a wide range of domestic insurance business across
the US and is approved to accept loss portfolio transfers of
certain classes of domestic US legacy business."
Ends
Enquiries to:
Randall & Quilter Investment www.rqih.com
Holdings Ltd.
============================= ================
Tom Booth Tel: +1 441 247
8330
============================= ================
Accredited Surety and Casualty Company, Inc
Todd Campbell, CEO Tel: 407 629 2131
Numis Securities Limited
===============================================
Stuart Skinner (Nominated Tel: 020 7260
Adviser) 1000
============================= ================
Charles Farquhar (Broker) Tel: 020 7260
1000
============================= ================
Shore Capital Stockbrokers Limited
===============================================
Dru Danford / Stephane Auton Tel: 020 7408
4090
============================= ================
FTI Consulting
Edward Berry/Tom Blackwell Tel: 020 3727
1046
============================= ================
=================================================
Notes to Editors:
About R&Q
Randall & Quilter pursues a buy and build strategy and has
created a comprehensive range of investment activities and services
in the global non-life insurance market.
R&Q is focused on the following three areas:
-- Insurance Investments
-- Insurance Services
-- Underwriting Management
The Group:
-- provides a range of services to both the live and legacy
(re)insurance markets to support growing businesses and address
complex and challenging run-off issues;
-- employs over 400 insurance professionals based in the UK, US,
Bermuda, and Europe with wide service capability in both the 'live'
and 'run-off' markets;
-- owns and manages a portfolio of insurance companies, both
active and in run-off, in the UK, US and Europe with net assets of
GBP161m as at 31 December 2016;
-- owns an admitted P&C Insurer, A- rated by AM Best, with
licenses throughout the US; owns a Bermuda Class 3A insurance
company;
-- launched Syndicate 1991, which commenced underwriting from
January 1, 2013 and has an agreed capacity of GBP127m for 2017,
manages one RITC ('run-off') syndicate, 3330, and owns and operates
an MGA platform;
-- acquires and manages a portfolio of insurance receivables,
with a carrying cost of GBP5.6m as at 31 December 2016
The Group was founded by Ken Randall and Alan Quilter in
1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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