R&Q posts pre-tax loss of £600 000 for H1
Insurance investor and underwriting manager Randall & Quilter posted a pre-tax loss of £600 000 for the first six months of 2014 (H1 2013: £3m profit) following an increase in legal expense reserves.
R&Q posted total group income of £35.1m for the first half of 2014, up from £26.2m for the first six months of 2013.
The firm's underwriting management division posted an operating loss of £700 000
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