R&Q Insurance (Malta) (RQIM) has entered into delegated underwriting agreements with both Xpekt and Blagrove Underwriting Agency.
Xpekt is a UK motor MGA specialising in rural private and commercial vehicles, motorcycles and specialist vehicles with anticipated annualized GWP of £15.6m whilst Blagrove specialises in UK fleet with expected annualized GWP of £11.6m.
These programmes are in addition to the UK motor book being written with Eridge Underwriting Agency Ltd and the Irish motor book with Footprint Underwriting DAC.
Ken Randall, Chairman and CEO of the R&Q Group commented “We are delighted to have entered into these programmes with support provided by highly rated reinsurers. As has been previously announced, the Group is simplifying its strategy to focus on its core legacy acquisition activity and revenue generation through writing programme business from our Maltese (RQIM) and Florida (Accredited Surety & Casualty Company) licenced insurers.
"We have a full pipeline of opportunities across EU and US and I remain excited about this strategic development for the group.”