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Share Price: 0.125

Bid: 0.10

Ask: 0.15

Change: -0.13 (-52.00%)

Spread: 0.05 (50.00%)

Open: 0.25

High: 0.143

Low: 0.12

Prev. Close: 0.25

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IN BRIEF: Randall & Quilter Posts Solid Program Management Performance

Mon, 22nd Feb 2021 14:36

Randall & Quilter Investment Holdings Ltd - Bermuda-based firm focused on non-life legacy insurance and program management - Posts update for Program Management business for 2020, including 46% increase in gross written premium to USD538.9 million from USD369.3 million. Annual economic commission revenue rises 76% to USD22.7 million from USD12.9 million, with the number of active programs rising to 48 from 30, increasing contracted premium to USD1.28 billion from USD842 million. Notes entry into the US Excess & Surplus Program Management Market in the final quarter of 2020.

Chief Executive Alan Quilter: "In 2020, our Program Management business trading under the Accredited banner continued its strong growth. Our brand and growing reputation in Europe and the US is affording us many opportunities and, with our strong underwriting teams in place across many sectors we look forward to further growth in 2021.

"With the launch of our US E&S capability in 2020 Accredited is a now a comprehensive program management solutions provider in all its markets."

Current stock price: 186.00 pence

Year-to-date change: up 5.7%

By Anna Farley; annafarley@alliancenews.com

More News

28 Dec 2012 11:29

London midday: Stocks drop into the red as 'fiscal cliff' looms

After a strong start, markets across Europe dipped into the red by midday with the US fiscal cliff continuing to dominate market sentiment. "We are now just over three days away from the so-called 'fiscal cliff' and after many months of posturing and political bravado, the US has run out of time,"

28 Dec 2012 08:34

Randall and Quilter acquires Alma Insurance Company

Randall and Quilter completed Friday the acquisition of Alma Insurance Company after receiving regulatory approval from the Finnish Financial Services Authority. The AIM-listed insurance investor said Alma has been in run-off since 1989 and reported net reserves of £1.6m at September 30th 2012. Ra

28 Dec 2012 08:33

London open: Stocks open strongly on fiscal cliff hopes

The FTSE 100 opened firmly in positive territory on Friday morning ahead of critical talks between US leaders this weekend. Stocks tracked Asian markets higher overnight with Japan's Nikkei finishing its final session of 2012 up around 0.7% (Japanese markets are closed on Monday). This means that t

21 Dec 2012 07:33

London pre-open: Stocks seen lower after Republicans pull 'plan B' vote

The FTSE 100 is expected to decline in early trading on Friday due to ongoing concerns about the 'fiscal cliff', after House Speaker John Boehner last night cancelled a planned vote on a back-up tax-cut plan after failing to receive enough support by his own party. Market analyst Michael Hewson fro

21 Dec 2012 07:11

Randall & Quilter acquires LINPAC Insurance Company

Financial services firm Randall & Quilter Investment Holdings has completed the acquisition of the entire issued share capital of LINPAC Insurance Company Limited (LICL) from the owner LINPAC Finance Limited. LICL, which is a Guernsey-domiciled captive insurer, has been in run-off since 2006 and wr

1 Nov 2012 13:51

M&A round-up: Walker Crips, Randall & Quilter, Marwyn ...

Financial services group Walker Crips is to sell its corporate finance subsidiary Keith, Bayley, Rogers & Co (KBR) to BWV investments. The purchase price is £75,000 over the value of KBR's assets as at the end of October; these are expected by the Walker Crips directors to be in the region of £270,

6 Sep 2012 10:23

Randall and Quilter continues surge as revenues rise

Specialist non-life insurance investor Randall and Quilter says it is clearing up a legal dispute related to its US operation while growing profits and revenues. Total income in the six months to the end of June was £25.3m, a gain of 34% on the same period of last year. Profits before tax were up 5

28 Jun 2012 16:22

Kofax director earns over a million shares

William Comfort, a Non-Executive Director of Kofax, a provider of capture driven process automation solutions, has received over a million shares in the company in exchange for the redemption of his interest in Conversion Capital Master. Comfort received a consideration of just over 1.1m shares, va

19 Apr 2012 12:59

Randall and Quilter Investment dives on massive impairment charge

Shares in Randall and Quilter Investment took a dive after the group posted a loss on ordinary activities following an impairment charge, plunging the company into the red. A pre-tax profit (PTP) on activities on 2010 of £7.5m turned to a loss of £4.7m, equal to loss per share (EPS) of 0.9p (2010:

2 Sep 2011 12:26

Randall & Quitter's profits fall 48%

Shares in non-life insurance firm Randall & Quitter fell lower on Friday after the group revealed that profits almost halved in the six months ended 30 June. Pre-tax profit fell from £5.8m to £3m due to a lower-than-expected result in the Underwriting Management division, restructuring costs in Ins

9 Aug 2010 14:13

Randall and Quilter materially ahead

Specialist non-life insurance investor, service provider and underwriting manager Randall and Quilter Investment Holdings expects results for the first half of 2010 will be materially ahead of market expectations. The company attributed the outperformance to a better than expected profit commissio

22 Mar 2010 13:48

Small caps round-up: Seeing Machines, ZOO Digital, Randall & Quilter...

Australia-based company Seeing Machines warned that full-year results are not expected to achieve current market forecasts due to delayed revenue growth and changes in accounting treatment to expense all development costs. Pre-tax losses came to A$403,000 in the six month ended 31 December compared

11 Nov 2009 17:12

London close: Profit taking trims gains

Better than expected unemployment figures and some relatively upbeat comments from Bank of England governor Mervyn King propelled Footsie to a new intra-day high for 2009 in the morning session, but stocks came off the top in the afternoon session. The UK unemployment rate, as measured by the Inter

11 Nov 2009 16:43

Randall & Quilter loses court case

Randall & Quilter Investments, which owns insurance companies in run-off, has been hit by a court judgement that means that it has to pay 25% of the reinsurance claim for the Exxon Valdez oil spillage and 13.5% of a claim by Kuwait Airways dating back to the first Gulf War in 1990. R&Q was taken t

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IN BRIEF: Randall & Quilter Posts Solid Program Management Performance

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