Randall & Quilter Inv Hldgs Ltd Program underwriting partnership
11 Febbraio 2020 - 9:00AM
RNS Non-Regulatory
TIDMRQIH
Randall & Quilter Inv Hldgs Ltd
11 February 2020
Randall & Quilter Investment Holdings Ltd. ("R&Q")
11 February 2020
Inperio and Accredited Pioneer Extension of UK solicitors' PI
Market
The specialist UK Professional Indemnity MGA Inperio (London)
Limited ("Inperio") has worked with the European program
underwriter Accredited Insurance (Europe) Limited ("AIEL"), R&Q
's AM Best A- (Excellent) rated European insurance company, to
launch the first professional indemnity policy focused on freelance
UK solicitors regulated by the Solicitors Regulation Authority.
The facility, fulfils a growing demand for professional
indemnity cover for freelance solicitors regulated by the
Solicitors Regulation Authority, following a recent rule
change.
Commenting on the initiative, Inperio CEO Simon Lovat said: "As
an MGA who specialises in the provision of professional indemnity
insurance to legal firms, we are excited to continue to support the
legal profession with the launch of the Freelance Solicitors
policy. Since the introduction of the new Freelance Solicitors
regulations in November 2019 the legal industry has been looking
for a suitable solution and now we are in a position to offer
it."
Colin Johnson, CEO of AIEL Program Management, added: "We are
really excited to be supporting Inperio, and offering this new and
much needed product to freelance solicitors. It reflects the
strength of our relationship which combines Inperio's expert
underwriting and knowledge of the market with Accredited's strong
balance sheet, high quality capacity and a culture of acting
swiftly to meet customers' ever-changing requirements. This is a
natural extension to our existing business with Simon and his team
at Inperio and we are confident this new policy will enjoy the same
success."
AIEL- which is licensed to write all non-life classes in all EU
member states and is A- (excellent) AM Best rated - provides a
distribution channel for reinsurers and can provide a ready-made
Brexit solution to European MGAs.
Ends
Enquiries to:
Randall & Quilter Investment Holdings www.rqih.com
Ltd.
Ken Randall Tel: 020 7780 5945
Numis Securities Limited
Stuart Skinner (Nominated Adviser) Tel: 020 7260 1000
Charles Farquhar (Broker) Tel: 020 7260 1000
Shore Capital Stockbrokers Limited
Stephane Auton/ James Thomas Tel: 020 7408 4090
FTI Consulting
Edward Berry/Tom Blackwell Tel: 020 3727 1046
Notes to Editors:
Inperio Background
Inperio (London) Limited is a privately held specialist MGA
established in 2014 which provides underwriting solutions
predominantly to the legal profession. Inperio's professional
indemnity products are backed by Accredited Insurance (Europe)
Limited where they specialise in writing insurance for the SME
sector of the Market.
About R&Q
The overall mission of the Bermuda based Group is to:
-- Generate profits and capital extractions from expert management of legacy non-life insurance acquisitions/reinsurances, including in Lloyd's; and
-- Grow commission income from its licensed (and rated) carriers
in the US and EU/UK, writing niche and profitable program business,
largely on behalf of highly rated reinsurers.
Our aim is to continue to grow sustainable profit streams to
support our business model and increase book value and cash
distributions to shareholders.
The Group was founded by Ken Randall and Alan Quilter in
1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
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END
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