1st June 2022

R&Q GWP grows by over 90% to $370m for the first three months of 2022

Randall & Quilter Investment Holdings has announced a performance update for its Program Management business for the first three months-Highlights are:
-Gross Written Premium(GWP) of $370m(Q1 2021: $193m), a 92% increase
-Program Fee Income of $18m($8m), a 125% increase
-76 programs(69 programs)
-Significant multi-year strategic partnerships established:
Five-year agreement signed with First Underwriting targeting £1bn GWP
-Post period end, six-year agreement signed with Policy Expert targeting £2bn GWP.
William Spiegel, executive Group chairman, comments “We continue to be excited by the strong growth we are seeing in our Program Management business, and I am pleased to report another excellent quarter. We have established ourselves as a leading player in both the US and Europe and this is reflected in the long-term partnerships we have been able to sign with highly regarded managing general agents(MGAs), including two multi-year agreements targeting combined premium in excess of £3bn. As we recently updated, Program Management remains on track to deliver $1.75bn of gross written premium in 2022.”

R&Q Trends(88 articles)