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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

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