Program management and legacy specialist, Randall & Quilter Investment Holdings Ltd. (R&Q) has reported a 46% increase in gross premiums written by its program management business over 2020.
Premiums totalled $538.9 million last year versus $369.3 million in 2019 as the business continued to expand in Europe and the US.
Revenue similarly increased by 76% to $22.7 million, compared with $12.9 million in 2019.
Over 2020, R&Q’s program management business also contracted 18 new programs, bringing the total number of active programs to 48, up from 30 in 2019.
Contracted premium likewise increased 52% to $1.28 billion, compared with $842 million in 2019.
“In 2020, our Program Management business trading under the Accredited banner continued its strong growth,” said Alan Quilter, Group Chief Executive Officer at R&Q.
“Our brand and growing reputation in Europe and the US is affording us many opportunities and, with our strong underwriting teams in place across many sectors we look forward to further growth in 2021,” Quilter continued.
“With the launch of our US E&S capability in 2020 Accredited is a now a comprehensive program management solutions provider in all its markets.”
