R&Q launches new Lloyd's syndicate
Randall & Quilter Investment Holdings (R&Q) has launched a new Lloyd’s syndicate through its subsidiary R&Q Managing Agency.
Syndicate 1991 is to commence underwriting from 1 January 2013, and will be underwritten by Daniel Wright and Steve Mitchell, both formerly of Axis Capital.
The syndicate will have capacity of £77m for 2013, 20% of which will be provided by R&Q, with Scor and XL proving around 15% each. The balance will be supported by private members.
R&Q stated that the syndicate’s focus will be on writing SME and niche personal line property and associated liability business through a number of specialist MGA
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