Group Chairman and Chief Executive Officer
Ken Randall is a certified accountant and has worked in the Insurance industry for almost 40 years. During the early 1980s, Ken was Head of Regulation at Lloyd’s which was then a self-regulated institution. From 1985 until 1991 Ken served as Chief Executive of the Merrett Group, which managed a number of prominent Syndicates at Lloyd’s.
In 1991, Ken left Merrett to set up his own business in partnership with Alan Quilter. Over the next 8 years they developed the Eastgate Group into the UK’s largest third party provider of insurance services with 1,300 employees and a turnover of over £80m per annum. Eastgate was sold to Capita plc in November 2000.
Following the sale of Eastgate, Ken and Alan refocused R&Q onto the acquisition of non-life legacy run-off portfolios. Following the expiry of non-competition agreements, R&Q again developed an insurance servicing business in London and the US; initially the Group’s service offering focused on legacy portfolios.
In recent years, R&Q has expanded its range of services to include Captive management and Underwriting management. The Group is one of the ten largest “Captive” managers in the world with clients in a number of jurisdictions including Gibraltar, Bermuda, Norway, Guernsey and the US.
R&Q’s Managing Agency is responsible for two Lloyd’s syndicates; Syndicate 1991 underwrites live business and Syndicate 3330 specialises in the management of Lloyd’s portfolios in run-off. R&Q is also a fully accredited Lloyd’s Turnkey Syndicate Manager. Syndicate 1991 is supported by natural names, industry capital and R&Q itself.
R&Q also owns a number of UK based MGAs specialising in personal lines for high net worth clients and general insurance for small and medium business enterprises. Capacity for the MGAs is provided by a number of Lloyd’s Syndicates and insurance companies.
In 2007 Ken presided over the Group’s admission to AIM, part of the London Stock Exchange. The IPO raised over £30m from institutional investors. Ken remains a principal shareholder, Chairman and CEO of the Group.