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7 November, 2016
Randall & Quilter Investment Holdings Ltd is pleased to announce that it has entered into an arrangement with the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund (SMDF).
SMDF was established in 1987 as a mutual fund to provide professional indemnity protection for solicitors practicing in Ireland. The fund ceased trading in 2011 following a series of heavy losses relating to the economic downturn in Ireland.
R&Q is a specialist run-off company that acquires and manages portfolios to their natural extinction.
Commenting on today’s announcement, Ken Randall, Chairman and Chief Executive Officer of Randall & Quilter Investment Holdings Ltd. (“R&Q”), said: “We are pleased to announce the arrangement with the Law Society of Ireland further demonstrating R&Q’s ability to offer finality solutions in a range of different situations”.
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The Board of Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (the “Company”), the specialist non-life insurance investor, service provider and underwriting manager, today held the General Meeting referred to in the notice to shareholders of the Company dated 9 September …