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R&Q Syndicate 1991 Announcement

1 August, 2012

Randall & Quilter Investment Holdings plc (“R&Q”) is pleased to announce that RQMA, its Lloyd’s Managing Agent, has been given “in principle” approval by the Lloyd’s Franchise Board to form Syndicate 1991.

The syndicate, led by Active Underwriter Daniel Wright, formerly of Axis Insurance, will specialise in the underwriting of delegated authority business. R&Q’s own corporate member will provide a significant and long term proportion of the syndicate’s capacity and it is intended that the balance will be provided through a mixture of corporate and natural names.

The syndicate proposes to underwrite for the 2013 year of account and remains subject to formal approval, following completion of Lloyd’s further detailed review of the application.

Commenting on the move, Robin McCoy, CEO of RQMA, said, “This is a key development in the growth of our live underwriting business at Lloyd’s, as we add a “first party” syndicate to our existing Turnkey and RITC syndicates.”

Click to download the full press release

R&Q Syndicate 1991 Announcement

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