Bermuda-based, London-listed firm Randall & Quilter Investment Holdings Ltd. unit R&Q Insurance (Malta) Ltd. has signed delegated underwriting agreements with U.K.-based firms Xpekt Ltd. and Blagrove Underwriting Agency Ltd. as part of the group's plans to simplify its strategy to focus on its core legacy acquisition activity and revenue generation.
Xpekt is a U.K. motor managing general agent specializing in rural private and commercial vehicles, motorcycles and specialist vehicles with expected annualized gross written premium of £15.6 million. Blagrove Underwriting Agency, meanwhile, is a U.K.-based commercial insurance specialist and expects annualized gross written premium of £11.6 million, according to a company statement.
R&Q Insurance noted that these programs are in addition to the U.K. motor book being written with Eridge Underwriting Agency Ltd. and the Irish motor book with Footprint Underwriting DAC.
