R&Q Insurance (Malta) (RQIM), a unit of Randall & Quilter, has entered into delegated underwriting agreements with UK motor MGA Xpekt (Xpekt) and UK fleet specialist Blagrove Underwriting Agency (Blagrove).
Xpect specialises in rural private and commercial vehicles, motorcycles and specialist vehicles with anticipated annualized Gross Written Premiums of £15.6 million whilst Blagrove specialises in UK fleet with expected annualized Gross Written Premiums of £11.6 million.
Ken Randall, Chairman and CEO of the R&Q Group commented on the transaction; “we are delighted to have entered into these programmes with support provided by highly rated reinsurers.
“As has been previously announced, the Group is simplifying its strategy to focus on its core legacy acquisition activity and revenue generation through writing programme business from our Maltese (RQIM) and Florida (Accredited Surety & Casualty Company) licensed insurers.
“We have a full pipeline of opportunities across EU and US and I remain excited about this strategic development for the group.”
The programmes come as an addition to the UK motor book being written with Eridge Underwriting Agency and the Irish motor book with Footprint Underwriting DAC.
