R&Q books 24% revenue growth as profit returns in FY 2010
Randall & Quilter (R&Q)'s top-line income expanded by 24 percent to £32.8mn for full-year 2010 as the group continued to diversify its operations.
The London-based run-off and (re)insurance services firm's total pre-tax profit also rose substantially to £7.52mn for the year.
This was slightly above analysts' expectations and a rebound from the £0.26mn posted in 2009 - a figure affected by London spiral litigation.
The firm said this was pleasing given diminished investment earnings, costs relating to its expansion into...
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