8 August, 2016
R&Q Commercial Risk Services (“R&Q CRS”), part of R&Q MGA, is delighted to announce a new long term capacity agreement, increasing total underwriting capacity to £15m.
The three year agreement will see R&Q CRS supported by four Lloyd’s syndicates and in addition to increasing its capacity, the deal will allow R&Q CRS to write significantly larger line sizes for its Property Owners products. In turn, this will contribute to R&Q CRS’s strategic objective of doubling in size over the next three years.
James Wheddon, Head of R&Q Commercial Risk Services, commented:
“We are delighted to announce this new long-term capacity agreement; it’s a reflection of both the quality of the business written by R&Q CRS and the appetite from Lloyd’s players to underwrite a greater share of UK SME business. Securing long term capacity from the A+ rated Lloyd’s market will also give significant comfort to our network of independent brokers and their clients, with a number experiencing turbulent capacity changes in today’s market.
“Business will be written on the new facility with effect from the 1st September through the open market and our hugely popular “mi-binder.com” delegated authority platform. It also follows our recent launch of embedded cyber cover for all commercial combined and package products.
“Ultimately, these initiatives are aimed at making the lives of brokers easier. With our ability to offer local brokers the products they need through London and our regional Manchester and Birmingham hubs, we believe that R&Q Commercial Risk Services can be the MGA of choice for the UK’s independent brokers.”
Keith Stern, Regional Manager, UK & Ireland, Lloyd’s of London, commented:
“Over the last five years Lloyd’s has achieved significant progress in its initiative to make our SME products more accessible to UK regional brokers and R&Q CRS continues to be one of our key partners on that journey.
“Multiple Year Binding Authority Agreements were launched with effect from 1st January this year to provide a more competitive and flexible framework for Lloyd’s coverholders. The three year arrangements will provide support to long term relationships with coverholders thus making it easier to do business at Lloyd’s. It is hugely encouraging to see R&Q MGA and their supporting Lloyd’s syndicates have signed up to this new agreement.”
Following the announcement of the Group’s full year results on 29 April 2019, the Board of Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (“Company”), the specialist non-life insurance investor, service provider and underwriting manager, is pleased to confirm that a …
The Company has been notified that on 3 May 2019 Kenneth Randall, Chairman and Chief Executive Officer of the Company, sold 3,000,000 of his holding of ordinary shares in the Company. Mr Randall continues to hold 11,428,186 ordinary shares which …
Randall & Quilter Investment Holdings Ltd., the non-life legacy insurance investor and capacity provider of US European MGA program business, is pleased to announce the appointment of Joanne (‘Jo’) Patricia Fox to the Board as a non-executive director of the …