1 Feb 2013 07:00

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Randall & Quilter Investment Holdings plc
Trading Update
1 February 2013
The Board of Randall & Quilter (AIM: RQIH), the specialist non-life insurance investor, service provider and underwriting manager, announces that it expects that the Group's pre-tax result for the year ending 31 December 2012, to be in line with current market expectations.
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The Board remains confident in the positive outlook for the Group during 2013.
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The Group's preliminary results will be announced on 25 April 2013.
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Enquiries to:
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Randall & Quilter Investment Holdings PLC www.rqih.com
Tom Booth Tel: 020 7780 5850
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Numis Securities Limited
Stuart Skinner (Nominated Adviser) Tel: 020 7260 1000
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Charles Farquhar (Broker) Tel: 020 7260 1000
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Shore Capital Stockbrokers Limited
Dru Danford/Stephane Auton Tel: 020 7408 4090
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FTI Consulting
Neil Doyle/Edward Berry Tel: 020 7269 7237 / 7297
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Notes to Editors:
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R&Q
Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following three core areas:
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- Insurance Investments;
- Underwriting Management;
- Insurance Services & Captive Management
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The Group currently:
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- has a team of up to 400 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the 'live' and 'run-off' market;
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- has a portfolio of 11 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£85.9m as at 30 June 2012;
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- has launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a Capacity of £77m for 2013, provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates and owns and operates 3 MGAs;
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- acquires and manages a portfolio of insurance receivables, with a carrying cost of c.£8.1m as at 30 June 2012;
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The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer.
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