R&Q Insurance Holdings Ltd
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R&Q Insurance Holdings Ltd - overview
Established
1991
Location
Hamilton, -, Bermuda
Primary Industry
Insurance
About
Based in Florida, US, and founded in 1991, R&Q Insurance Holdings Ltd, formerly known as Randall & Quilter Investment Holdings Ltd. , operates as a specialty insurance company operating in North America and Europe that provides underwriting capacity to managing general agents with support from the global reinsurance market. In October 2023, Onex agreed to fully acquire acquired R&Q Accredited from R&Q Insurance Holdings Ltd. As of 2023, the company is led by its CEO and president, Patrick Rastiello, and operates in the US, UK, and Europe.
The company offers various admitted and non-admitted program management solutions that include underwriting for small-to-medium-sized enterprises (SME) and middle-market businesses. The company partners with surplus lines managing agents, program administrators, and brokers to provide car insurance, home insurance, motor fleet, commercial property and casualty, professional indemnity, directors and officers insurance, surety, and liability.
Primary Industry
Insurance
Sub Industries
Financial Services, Reinsurance, Insurance Intermediaries, Commercial Insurance
Website
www.rqih.com
Total Amount Raised
Subscriber access only
R&Q Insurance Holdings Ltd - timeline of key events
R&Q Insurance Holdings Ltd - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 543,716.727 | 6,154,610.359 | 10,134,579.237 | 33,289,768.221 | 39,425,304.652 | 62,437,897.998 | 217,395,445.977 | 84,700,509.149 | 222,904,694.224 | - | - | - |
| % Revenue Growth (YoY) | - | 1032.0% | 64.7% | 228.5% | 18.4% | 58.4% | 248.2% | (61.0%) | 163.2% | - | - | - |
| EBITDA (USD) | (5,522,173.131) | 27,870,890.692 | 19,831,041.725 | (772,609.922) | 8,469,241.416 | 16,187,101.282 | 21,441,813.241 | 27,466,358.426 | 70,330,322.658 | - | - | - |
| Operating Income (USD) | (6,521,392.957) | 26,498,268.346 | 18,547,985.53 | (2,551,754.304) | 6,240,735.012 | 14,073,088.892 | 18,454,188.626 | 24,824,515.251 | 63,428,331.163 | - | - | - |
| Operating Margin | (1199.4%) | 430.5% | 183.0% | (7.7%) | 15.8% | 22.5% | 8.5% | 29.3% | 28.5% | - | - | - |
| % EBITDA Margin | (1015.6%) | 452.8% | 195.7% | (2.3%) | 21.5% | 25.9% | 9.9% | 32.4% | 31.6% | - | - | - |
| NET Income (USD) | (782,695.466) | 24,225,357.901 | 14,293,558.952 | (4,523,639.328) | 4,213,986.389 | 11,267,957.067 | 29,605,581.278 | 10,441,888.486 | 49,612,853.369 | - | - | - |
| % Net Margin | (144.0%) | 393.6% | 141.0% | (13.6%) | 10.7% | 18.0% | 13.6% | 12.3% | 22.3% | - | - | - |
R&Q Insurance Holdings Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Completed | Sag Main Holdings, LLC | - | ||||||||
| Corporate Carve Out | Completed | R&Q Insurance Holdings Ltd's Accredited Business | - | ||||||||
| Joint Venture | Completed | Sag Main Holdings, LLC | - | ||||||||
| Buyout | Completed | MSA Safety's Legacy Liabilities | - | ||||||||
| Add-on | Completed | Randall & Quilter’s insurance services and captive management operations | - |
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R&Q Insurance Holdings Ltd - employee data
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