• Strategy
  • Innovation
  • Expertise

Q3 Program Management Update

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.

Highlights

  • Gross Written Premium (‘GWP’) of $714 million (Q3 2020: $395 million), an 81% increase
  • Fee Income of $39 million (Q3 2020: $16 million), a 138% increase
  • 70 programs (Q3 2020: 39 programs), a 31 program increase

Post period-end developments

  • Through 30 November 2021, five new programs were added, bringing the total number of programs to 75, and increasing Contracted Premium to over $2 billion

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.”

Notes:
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.

Click here for the full press release.

Q3 Program Management Update

Latest News

R&Q Accredited announces 5-year program deal with First Underwriting
R&Q Accredited announces 5-year program deal with First Underwriting

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, is pleased to announce that R&Q Accredited has signed a 5-year program management agreement with First Underwriting, …

R&Q commences trading on OTCQX market in the United States
R&Q commences trading on OTCQX market in the United States

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, is pleased to announce that trading in the Company’s Ordinary Shares will begin today on the OTCQX …

Q3 Program Management Update
Q3 Program Management Update

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 …