29 April, 2020
R&Q announces US$100 million of new equity investment into the Group to further capitalize on significant opportunities in its specialty legacy and program management businesses.
Randall & Quilter Investment Holdings Ltd., the global program management and legacy acquisitions specialist, is pleased to announce US$100 million of new equity investment into the Group by way of:
In a joint statement, the Executive Directors of the Company, Ken Randall, Alan Quilter and William Spiegel, commented on the Investment and said:
“We are extremely pleased to have raised these funds. We have long been clear on the significant opportunities we see for the Group in the two fast growing markets we operate in: program management and legacy. It has become apparent that the market dislocation currently being experienced will only increase demand for these specialist capabilities as the balance sheets of traditional insurance companies come under increased strain. The equity we have secured will enable us to proactively and quickly move to capitalise on these dynamics as the market seeks the solutions R&Q is able to provide.
“777 Partners and Hudson Structured are investment firms we have known and admired for many years, with 777 Partners, through Brickell, already an important stakeholder in R&Q. Both are highly regarded investors within the insurance industry, and their investment is a testament to R&Q’s reputation as a leader in our two specialty insurance businesses.”
Click here for the full press release.
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