Reinsurance News
Randall & Quilter
R&Q names US Head of Compliance and Regulatory Affairs
28th January 2022
Randall & Quilter Investment Holdings, the non-life global specialty insurance company focused on Program Management and Legacy Insurance businesses, has announced the appointment of Peter Hartt as its US Head of Compliance and Regulatory Affairs. Hartt joined the business on 10 January and reports to Angele Galea St John, Group Head ... Read the full article
R&Q Accredited and First Underwriting enter £1bn capacity deal
13th January 2022
Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings (R&Q) has announced that its Accredited subsidiary has signed a five-year program management agreement with First Underwriting, a fast-growing UK-based MGA. The agreement includes a targeted capacity of £1bn in gross written premium over the period and will be supported by ... Read the full article
R&Q seeks to add takeover provisions to bye-laws, sparking rumours
12th November 2021
Randall & Quilter Investment Holdings Ltd. (R&Q), the non-life legacy and run-off insurance, programme management and investments specialist, is seeking shareholder approval to amend its Bye-laws to add certain takeover provisions that it says will protect shareholders. It's particularly interesting, as it has sparked discussion among sources that R&Q has been ... Read the full article
R&Q names Andrew Pinkes as CEO of Legacy Insurance business
27th September 2021
Randall & Quilter Investment Holdings has appointed Andrew Pinkes as Global CEO of its Legacy Insurance business. The appointment follows the recent announcement of Gibson Re, a Bermuda-domiciled sidecar with $300 million of capital which will allow R&Q to support $2 billion of legacy insurance reserves. Pinkes will report into William Spiegel, ... Read the full article
R&Q enters loss portfolio & reinsurance business transfer with Delvag
8th September 2021
Randall & Quilter Investment Holdings has announced that with the assistance of Black Forest Reinsurance Consulting (BFRC) and Guy Carpenter, it has transacted a Loss Portfolio Transfer of reinsurance business with Delvag Versicherungs-AG (Delvag). With this transaction Delvag reaches economic finality of a third-party reinsurance portfolio amounting to around EUR 22million ... Read the full article
R&Q’s H1 premiums rise as legacy insurance sidecar Gibson Re launches
6th September 2021
Randall & Quilter Investment Holdings Ltd. (R&Q) has announced a pre-tax operating loss of $23.5 million for the first half 2021 against a gain of $12.8 million a year earlier. The firm has also launched Gibson Re, a legacy insurance sidecar vehicle. According to R&Q, the H1 2021 operating loss is ... Read the full article
R&Q gains final approval for Sentry IBT deal
27th August 2021
Non-life legacy and run-off acquisition and management, programme services and investments specialist Randall & Quilter Investment Holdings Ltd. has received final approval from the Oklahoma District Court for its insurance business transfer (IBT) deal involving Sentry Insurance Company. Under the terms of the IBT, a portfolio of Sentry reinsurance policies will ... Read the full article
R&Q program management hits $445mn GWP in H1
29th July 2021
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. Fee Income, which represents program fee revenue and the firm’s share of earnings from minority stakes in MGA’s, ... Read the full article
Randall & Quilter reports $538.9mn GWP for 2020
24th May 2021
Randall & Quilter Investment Holdings has released its results for 2020, showing a gross written premium (GWP) of $538.9 million, a 46% increase from $368.9 million in 2019. The company also reported a Pre-Tax Operating Profit of £16.0 million, an increase of 102%, reflecting a year of accelerated growth across both ... Read the full article
Randall & Quilter announces new Group Head of Data Strategy and Technology
21st May 2021
Randall & Quilter Investment Holdings has appointed Robert Thomas as Group Head of Data Strategy and Technology. With his appointment taking place next month, Thomas will report directly to Executive Chairman William Spiegel. He will be responsible for leading and developing R&Q's data strategy, automation strategy as well as overseeing the Group's ... Read the full article
R&Q completes acquisition of Electric Insurance Ireland DAC
19th May 2021
Randall & Quilter II Holdings Limited, the wholly owned UK subsidiary of Randall & Quilter Investment Holdings Ltd (R&Q), has now completed its acquisition of Electric Insurance Ireland DAC, a wholly owned captive insurer of Electric Insurance Company. The deal has been finalised following the receipt of regulatory approval from the ... Read the full article
R&Q names William Spiegel Executive Chairman as Ken Randall retires
1st April 2021
Randall & Quilter Investment Holdings Ltd. has formally announced the expected change of leadership as Ken Randall has retired as Executive Chairman and William Spiegel will replace him in the role. Randall has also stepped down as a Director of the Company today. The non-life legacy and run-off acquisition and management, programme ... Read the full article
R&Q raises stake in Tradesman; divests Roosevelt Road Re interest
18th March 2021
Randall & Quilter Investment Holdings Ltd. (R&Q) has reached an agreement to raise its stake in Tradesman Program Managers, LLC, a New York-based Managing General Agent (MGA), from 35% to 40%. R&Q acquired its stake in Tradesman Program Managers in August of last year through the merger of its wholly ... Read the full article
R&Q’s program management business grows premiums by 46%
22nd February 2021
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 ... Read the full article
R&Q wraps up $80mn Brickell investment
22nd January 2021
Non-life re/insurance legacy and run-off acquisition specialist Randall & Quilter has successfully completed its previously announced $80 million equity investment from Brickell Insurance Holdings. As previously announced on 29 April 2020, investment vehicle Brickell made a $80 million subscription for a new series of preferred stock issued by Randall & ... Read the full article
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