R&Q Insurance Holdings Ltd (DI) (RQIH)

Sector:

Insurance

Index:

FTSE AIM All-Share

5.51p
   
  • Change Today:
      0.17p
  • 52 Week High: 72.40
  • 52 Week Low: 4.75
  • Currency: UK Pounds
  • Shares Issued: 373.53m
  • Volume: 166,739
  • Market Cap: £20.58m

Randall & Quilter completes four portfolio transfers

By Josh White

Date: Thursday 27 May 2021

LONDON (ShareCast) - (Sharecast News) - Non-life speciality insurance company Randall & Quilter announced the completion of the novation of four loss portfolio transfer agreements managed by Armour Risk Management, previously in place between ILS P&C Re and various entities within the QBE Group.
The AIM-traded firm said two of the agreements had been novated to R&Q Re Bermuda, and two to the wholly-owned Lloyds' Run-off Syndicate 1110.

It said those R&Q entities would now provide QBE with the protection under the novated reinsurance agreements.

The four portfolios consisted of more than £75m of reserves relating to insurance and reinsurance employer's liability and public liability risks, mainly emanating from the UK and Ireland, underwritten by the QBE Group before 2008 in its company and syndicate businesses.

"We are thrilled to have been able to provide an exit solution for the investors behind ILS P&C Re," said Paul Corver, Randall & Quilter's group head of mergers and acquisitions.

"The novation includes multiple portfolios across various classes of business, platforms and jurisdictions showing the ability of R&Q to utilise its extensive group structure to provide a range of finality solutions.

"We are pleased that R&Q continues to be a market of choice for such transactions and look forward to working with QBE to also provide them with legal finality."

At 1240 BST, shares in Randall & Quilter Investment Holdings were down 0.63% at 159p.

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RQIH Market Data

Currency UK Pounds
Share Price 5.51p
Change Today 0.17p
% Change 3.18 %
52 Week High 72.40
52 Week Low 4.75
Volume 166,739
Shares Issued 373.53m
Market Cap £20.58m

RQIH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.41% above the market average73.41% above the market average73.41% above the market average73.41% above the market average73.41% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
98.74% below the market average98.74% below the market average98.74% below the market average98.74% below the market average98.74% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
0.21% below the market average0.21% below the market average0.21% below the market average0.21% below the market average0.21% below the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

RQIH Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Sep-21 03-Jun-21
Paid 12-Oct-21 24-Jun-21
Amount 2.00p 0.20p

Trades for 28-Mar-2024

Time Volume / Share Price
16:29 2,811 @ 5.02p
15:57 2,000 @ 5.29p
15:51 13,182 @ 5.46p
15:50 55 @ 5.98p
15:50 9,522 @ 5.46p

RQIH Key Personnel

CEO William Spiegel

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