Randall & Quilter GWP increases 92% to $370 million in Q1

Randall & Quilter Investment Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced a performance update for its Program Management business for the first three months of the year ending 31 March 2022.

Highlights

·      Gross Written Premium (‘GWP’) of $370 million (Q1 2021: $193 million), a 92% increase

·      Program Fee Income of $18 million (Q1 2021: $8 million), a 125% increase1

·      76 programs (YE 2021: 69 programs), an increase of 7 programs

·      Significant multi-year strategic partnerships established:

o  Five-year agreement signed with First Underwriting targeting £1 billion GWP

o  Post period end, six-year agreement signed with Policy Expert targeting £2 billion GWP

William Spiegel, Randall & Quilter Executive Group Chairman, commented:

“We continue to be excited by the strong growth we are seeing in our Program Management business, and I am pleased to report another excellent quarter. We have established ourselves as a leading player in both the US and Europe and this is reflected in the long-term partnerships we have been able to sign with highly regarded managing general agents (MGAs), including two multi-year agreements targeting combined premium in excess of £3 billion. As we recently updated, Program Management remains on track to deliver $1.75 billion of gross written premium in 2022.”

1.     Program Fee Income is on a written basis and excludes our share of earnings from minority stakes in MGAs.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
R&Q Insurance Holdings

More articles like this

R&Q Insurance Holdings Ltd

R&Q Insurance Holdings update on proposed sale of Accredited

On 20 October 2023, R&Q Insurance Holdings Ltd (LON:RQIH) announced the proposed Sale of Accredited to Onex Corporation (the “Announcement”). Capitalised terms used, but not defined, in this announcement have the meaning given to such terms in the Announcement.

R&Q Insurance Holdings Ltd

R&Q Insurance signs LPT Reinsurance agreement with a UK motor insurer

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced that it has signed a Loss Portfolio Transfer (LPT) Reinsurance agreement with a UK motor insurer covering net

R&Q Insurance Holdings Ltd

R&Q Insurance in talks with Onex regarding a potential sale of Accredited

R&Q Insurance Holdings Ltd (LON:RQIH) has noted the press commentary regarding a potential sale of the Company’s Program Management business, Accredited. As previously announced, the R&Q Insurance Board has been undertaking a review of the strategic options for the Group, which

R&Q Insurance Holdings Ltd

R&Q Insurance appoints Jerome Lande as a Non-Executive Director

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on the Program Management and Legacy Insurance businesses, has announced that, further to the announcement made on 30 June 2023, Jerome Lande has

R&Q Insurance Holdings Ltd

R&Q Insurance appoints Jerome Lande as a Non-Executive Director

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on the Program Management and Legacy Insurance businesses, has announced that, in accordance with the Purchase and Exchange Agreement entered into with Scopia Capital

R&Q Insurance Holdings Ltd

R&Q Insurance secures independent rating for Accredited

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced that AM Best has recognized Accredited as an independent ratings unit, distinct from R&Q.

R&Q Insurance Holdings Ltd

R&Q Insurance appoints Jeffrey Hayman as Non-Executive Chairman

R&Q Insurance Holdings Ltd (LON:RQI), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced the appointment of Jeffrey (Jeff) Hayman as Non-Executive Chairman of R&Q, with immediate effect.

R&Q Insurance Holdings Ltd

R&Q Insurance completes sale of its 40% holding in Tradesman

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced that, further to the announcement of 23 February 2023, the completion of the sale

R&Q Insurance Holdings

R&Q Insurance updates on its Program Management business

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced an update for its Program Management business. R&Q Accredited approved partnerships with seven new

R&Q Insurance Holdings

R&Q Insurance acquires legacy liabilities of MSA Safety

R&Q Insurance Holdings Ltd (LON:RQIH) and Obra Capital, Inc. has announced that they have acquired, through a newly formed joint venture, a wholly owned subsidiary of global safety equipment manufacturer MSA Safety Incorporated. The acquired subsidiary holds

R&Q Insurance Holdings

R&Q Insurance GWP grows by over 80% to $1.3 billion

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced a performance update for its Program Management business for the nine months ending 30