Randall & Quilter is a diverse insurance group, headquartered in London but with extensive operations in the UK, Europe, North America and Bermuda.
The Group is a leading insurance service provider to the non-life insurance market. Its extensive service offering (ranging from full claims management to broker performance monitoring) covers the live, run-off and captive market segments.
The Group also owns a portfolio of eleven insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£86.5m as at 31 December 2011.
R&Q is also "Turnkey" manager of syndicate 1897 for Skuld and manages two RITC ('run-off') syndicates: 102 and 3330.
R&Q also has approval to act as an authorised Delegated Underwriter Manager through R&Q MGA Limited which currently has five approved Coverholder vehicles under management.
On November 1, 2010 the Group acquired the Reinsurance Solutions businesses from Guy Carpenter and Marsh Limited.
The RSL businesses specialise in the provision of administration and consulting services to the active and run-off (re)insurance industry. The fit with the Group's existing operations in the UK is excellent. As well as bringing the efficiency benefits of scale, RSL UK further establishes Randall & Quilter as a leading player in the broker replacement market. In the US, RSL provides the Group with a substantial third party service business.
In addition, the Group acquired Excess & Treaty Management Corporation ('ETMC') from Guy Carpenter on 30 September 2010. ETMC is a management company for the run-off of the $1.4bn Excess Casualty Reinsurance Association ('ECRA') pool, the participants of which are major players in the North American reinsurance market.
The Group operates through four divisions:
- Insurance Investments
- Insurance Services
- Underwriting Management
- Captives