19 March 2010

Randall & Quilter eyes Europe

21/08/2008 Robert Tyerman

One insurance run-off specialist Randall & Quilter Investment has teamed up with another, Global Re, for continental expansion.

AIM-quoted Randall & Quilter, headed by Lloyd’s veteran Ken Randall, has formed a ‘strategic partnership’ with Global Re to buy and run non-life run-off companies, which are still servicing old policies but writing no new ones, on continental Europe. Randall & Quilter, which lifted operating profits 68 per cent to £8.7 million last year, says most of the business it has acquired so far relates to North America and the London market and suggests Global’s European contacts will help it gain access to a continental non-life run-off market with outstanding liabilities of more than £150 billion.

Floated last December at 125p, Randall & Quilter shares now trade at 142.5p, valuing the company at £80 million. They should fare respectably over the longer term.

Sector: Nonlife Insurance

Companies: Randall & Quilter Investment

Subscribe today

£7,277

That’s what you would have in your portfolio if you had invested £6,000 into the six Company Watch recommendations in our April 2009 issue.

Subscribe now and receive a 50% discount

AIM in Review 2010

Growth Company Investor, in association with the London Stock Exchange, presents the most wide-ranging and detailed examination of the AIM market: AIM in Review 2010. For more information and to order, click here or contact our marketing team on 020 7250 7056.

Directors' Pay on AIM 2009 – ­ a Growth Company Investor publication in association with Deloitte

The report reveals the top-earning chief executives and remuneration levels at AIM's most profitable and fastest-growing companies. It also examines constituent parts, including basic salary, bonus, pensions, benefits and share-based payments. To order click here.

Free – Latest Stock Recommendations

Free access to the latest AIM stock recommendations and news from the award-winning Growth Company Investor team. Receive our tips on what stocks to buy direct to your inbox every Tuesday and Friday. Find out more today.

Select your level of risk and we select the funds

Cautious? Positive? Adventurous? Choose between three levels of risk for a fund of funds from Sharefunds, our sister company. Click here for more information.

The AIM Guide 2009/10

The brand new, fully updated AIM Guide 2009/2010 is now available to purchase. AIM Guide is the only fully comprehensive guide to AIM and is regarded as 'must-have' for any serious investor or professional interested in the market for young, fast-growing companies.   Order your copy today and benefit from a £10 discount!

VCT Special Report 2009

This report's principal aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest. Click here for more information.

Cash Shells Special Report 2009

Business XL, the award-winning monthly magazine for growing companies, is delighted to announce the launch of a new study on cash shells. The research provides a comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape. Buy the Cash Shells 2009 Research Report today or email Halid Delkic to obtain a free two-page abstract.

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

Avocet targets growth after setback 18/03/2010

Gold producer Avocet Mining hopes its Wega acquisition will take 2010 group output to 200,000 oz after a flat nine months.

Tags: AIM , Commodities , Mergers & acquisitions

Sector: Mining

Companies: Avocet Mining

New hope for China Evoline 18/03/2010

AIM shell China Evoline is understood to be contemplating the injection of some Chinese mining assets.

Tags: AIM , Boardroom moves , Mergers & acquisitions

Sector: Technology Hardware & Equipment

Companies: China Evoline

Interim progress at Ultimate Finance 18/03/2010

Small and medium sized company financier Ultimate Finance has increased first-half profits 36 per cent to £191,000 pre-tax.

Tags: AIM , Growth Stocks

Sector: General Financial

Companies: Ultimate Finance

More News

Sectors

Vitesse Media Events