Randall & Quilter says acquisition pipeline remains strong

Canadian flag

Chairman and CEO Ken Randall will announce the closure of the Canadian MGA operations on the back of a "thorough review" which will incur a one-off cost of £600,000.

However, Mr Randall will insist, aside from the Canadian operation, that the underwriting management division is performing "satisfactorily" and the company is expecting improved trading within the division.

In April, R&Q reported a loss of £488,000 for the year ended 2011 while its underwriting management division racked up a loss

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