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  5. Randall & Quilter Gets Boost From Ratings Agency AM Best

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Share Price Information for R&Q Insurance (RQIH)

London Stock Exchange
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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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Randall & Quilter Gets Boost From Ratings Agency AM Best

Wed, 25th Sep 2019 15:09

(Alliance News) - Randall & Quilter Investment Holdings Ltd on Wednesday said one of its businesses has had its "excellent" rating reaffirmed.

Randall & Quilter is a non-life legacy insurance investor and capacity provider for the US and European managing general agent market.

The firm's Accredited Surety & Casualty Co Inc, based in Florida, has had its AM Best Group rating affirmed at A-, or excellent, and its financial size rating boosted to IX from VIII.

Executive Chair Ken Randall said: "We are delighted to receive the group upgrade by AM Best. In two years, R&Q has become a leading provider of high-quality program underwriting capacity in both the US and Europe.

"Crucial to this offering is our AM Best A- (Excellent) financial strength rating which is a badge of confidence that our partners can have in Randall & Quilter's capital strength and has been a driving force in our growth."

Shares were 3.3% higher on Wednesday afternoon in London at 190.00 pence each.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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