• Strategy
  • Innovation
  • Expertise

R&Q named ‘Preferred Provider’ of Credit Control Services by the LMA

22 November, 2013

Randall & Quilter (‘R&Q’) is pleased to announce that it has been selected as the preferred provider of credit control services by the Lloyd’s Market Association (‘LMA’) Working Group, following a competitive bidding process.

R&Q, through its wholly owned subsidiary, JMD Specialist Insurance Services Limited (‘JMD’), currently provides credit control to more than 40% of the Lloyd’s market and manages 2,500 binding authorities.

Credit control has become increasingly important to the Lloyd’s market and R&Q’s ability to provide a range of specialist solutions enables it to provide significant cost savings and efficiency benefits for Managing Agents.

John Dewen, Chairman of JMD, commented: “We are extremely pleased to have been selected by the LMA Working Group as the preferred provider of credit control services.  There is an opportunity to address a number of issues that are impeding efficiency, performance and creating additional costs for Managing Agents and Brokers.

Our aim, in conjunction with our clients, is to deliver an enhanced performance, improve profitability whilst also delivering the economies of scale that can be achieved from a shared service.  We believe our transparent approach to cost and delivery of service is unique and will be well received by our current and future clients.”

Click to download the full press release

R&Q named ‘Preferred Provider’ of Credit Control Services by the LMA

Latest News

Result of General Meeting
Result of General Meeting

Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (the “Company”), the global program management and legacy acquisitions specialist, today held the General Meeting referred to in the notice to shareholders of the Company dated 6 May 2020. The resolutions to allot …

Appointment of Chief Financial Officer
Appointment of Chief Financial Officer

The Board of Directors of Randall & Quilter Investment Holdings Ltd., the non-life global specialty insurance company focusing on the Program Management and Legacy Insurance businesses, today announces the appointment of Thomas (Tom) Solomon as Group Chief Financial Officer (CFO). …

Board Appointment
Board Appointment

Randall & Quilter Investment Holdings Ltd., the non-life legacy insurance investor and capacity provider of US and European MGA program business, is pleased to announce the appointment of Eamonn Flanagan to the Board as an independent non-executive director of the …