R&Q profits leap on legacy deals

Pre-tax profit at insurance holding company Randall &
Quilter (R&Q) rose more than three-fold to £8.5mn
($10.8mn) in 2016, aided by improving investment returns and a
successful run of legacy deals.
The company, which is Aim-listed and runs Syndicate 1991, had an
investment return of 2.7 percent over the year, compared with 1.1
percent in 2015.
Its return on equity rose to 13.5 percent, up from 4.4 percent
in 2015.
Reserve releases for the company's run-off portfolio fell by
£