Randall & Quilter Investment Holdings Ltd, (AIM-RQIH) (“R&Q”), the leading non-life global speciality insurance company focussing on Program Management and Legacy Insurance businesses, announces a performance update for its Program Management business, for the twelve months ended 31 December 2020.
Highlights
- Gross Written Premium of $538.9 million (2019 $369.3 million), a 46% increase
- Economic Commission Revenue of $22.7 million (2019: $12.9m), a 76% increase
- 18 new programs contracted bringing the total number of active programs to 48 (2019: 30) increasing Contracted Premium to $1,281 million (2019 $842 million) a 52% increase
- Entered the US Excess & Surplus (E&S”) Program Management Market in Q4 2020
Commenting on the Program Management developments, Alan Quilter, Group Chief Executive Officer, said:
“In 2020, our Program Management business trading under the Accredited banner continued its strong growth. Our brand and growing reputation in Europe and the US is affording us many opportunities and, with our strong underwriting teams in place across many sectors we look forward to further growth in 2021.
“With the launch of our US E&S capability in 2020 Accredited is a now a comprehensive program management solutions provider in all its markets.”
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