R&Q stays on track despite profits dip
Randall & Quilter (R&Q), the UK-listed insurance services and run-off acquisitions group, said it is still on target to match analysts' full-year earnings expectations despite a fall in half-year profits.
The firm posted interim profits of £3mn, down on £5.8mn at the same stage last year. This was in part because of the upfront costs associated with its drive into live underwriting, such as preparing for Solvency II.
At the beginning of 2011, R&Q launched its first "turnkey" syndicate on...
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