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 yacht underwriting, 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.