8 December, 2021
GWP grows by over 80% to $714 million for the first nine months of 2021
Randall & Quilter Investment Holdings Ltd, (AIM-RQIH) (“R&Q”), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, announces a performance update for its Program Management business for the first nine months of the year, ending 30 September 2021.
Post period-end developments
William Spiegel, Executive Group Chairman, commented: “We are pleased to report another strong quarter of growth in our Program Management business. Our pipeline of opportunities remains robust, and we remain focused on developing strategic partnerships with leading MGAs, highly-rated reinsurers and the ILS markets in both Europe and the US.”
1. Fee Income represents Program Fee Revenue and our share of earnings from minority stakes in MGAs.
2. Contracted Premium is the Gross Written Premium that our distribution partners believe their programs will generate over an annual period. We
expect a significant portion of Contracted Premium to become Gross Written Premium.
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