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R&Q program management hits $445mn GWP in H1

29th July 2021 - Author: Charlie Wood

Non-life global specialty insurer Randall & Quilter achieved $445 million in Gross Written Premium during the first half of 2021, an 80% increase from the $247 million seen in the prior year period.

Randall & QuilterFee Income, which represents program fee revenue and the firm’s share of earnings from minority stakes in MGA’s, stood at $25.2 million for H121, a 135% increase.

The company also managed to secure 60 programs, a jump from 24 in the prior year period.

Contracted Premium was $1.6 billion in H121, up 74% from the previous year.

In July 2021, Accredited added 7 new programs, bringing the total number of programs to 67, increasing the Contracted Premium to $1.8 billion.

RMS

“We are pleased to report continued strong momentum and growth in our Program Management business, having achieved profitability for the first time in 2020,” William Spiegel, Executive Group Chairman.

“We look forward to presenting a more detailed update at our interim results in September.”

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