RQIH.L Regulatory News (RQIH)

Randall & Quilter Investment Holdings Ltd.

Trading Update

12 March 2015

Randall & Quilter Investment Holdings LTD (AIM:RQIH), the specialist non-life insurance investor, service provider and underwriting manager, today provides an update on trading for the year ended 31 December 2014 ahead of the announcement of its final results.

Further to the announcement made by the Board on 13 November 2014 concerning the revision downwards to management's expectations for full year pre-tax profits, the Directors confirm that they currently expect that the Group's pre-tax result for the year ending 31 December 2014 will be in line with these revised expectations. This is subject to the finalisation of the customary annual actuarial reviews and the timing and outcome of the ongoing arbitration in former Syndicate 102, the status of which remains unchanged since that detailed in the Group's interim results.

The current year's trading has started well and the Board remains positive about prospects for 2015 with a strong legacy acquisition pipeline and good progress on new business generation in the service business.

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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 core 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;

· has a team of 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 £110.7m as at 30 June 2014;

· owns an admitted P&C Insurer, A- rated by AM Best, with licenses throughout the US; owns a Bermuda Class 3A insurance company which currently supports the Group's syndicate participations;

· launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a capacity of £150m for 2015, manages one RITC ('run-off') syndicate, 3330, and owns and operates 2 MGA business units;

· acquires and manages a portfolio of insurance receivables, with a carrying cost of £10.6m as at 30 June 2014, of which R&Q holds a 50% interest 

The Group was founded by Ken Randall and Alan Quilter in 1991.

Website: www.rqih.com