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Shares in AIM-listed Randall & Quilter (LON:RQIH) rose by 1.54% to 165p (as of 14:00 BST) after it announced three new underwriting partnerships with managing general agents based in the UK, Italy, and Spain.
The company’s current set of partnerships are expected to generate more than $200 million in annual premiums and management believe that this figure could be doubled by the end of the year.
CEO Ken Randall commented that: “These three transactions demonstrate R&Q’s ability to provide high quality insurance coverage to MGAs throughout the EU. With a strong pipeline of new partnerships, R&Q is on target to exceed its expectations of at least 15 new program partnerships in Europe and the USA in 2018“.