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Wright Reports > Company Profile Report > R > Randall And Quilter Investment Holdings Plc

Randall And Quilter Investment Holdings Plc - Company Profile Snapshot

Company Profile: Randall And Quilter Investment Holdings Plc
Ticker: RQIH
Exchanges: LON
2007 Sales: 23,640,000
Major Industry: Financial
Sub Industry: Insurance Companies
Country: United Kingdom
Employees: 166

Business Description
Randall And Quilter Investment Holdings Plc. The Group's principal activity is providing insurance services in the non-life run-off insurance sector. The Group manages, acquires and realises the surplus assets of solvent non-life insurance companies in run off and acquires and realises reinsurance receivables. The Group operates through three divisions. The Insurance Services Division provides services to both insurance companies owned by the Group and to third parties, including syndicates at Lloyd's, and has operations in the UK and US. The Insurance Company Division acquires solvent insurance companies in run-off, typically at a discount to their net asset value, and seeks to realise surplus assets within such companies once their liabilities have been reduced and regulatory approval to release surpluses has been obtained. The Liquidity Management Division acquires reinsurance receivables on both a recourse and non-recourse basis and seeks to realise them for cash.

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