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Randall & Quilter
24 June 2021Insurance

R&Q extends Atos partnership in digital transformation push

Insurance services and investment company  Randall and Quilter Investments Holdings (R&Q) has expanded its strategic partnership with  Atos, which helps in digital transformation of legacy insurance acquisition companies.

R&Q has renewed its contract with Atos for a further three years as its core digital services partner to maintain and modernise its IT estate.

Atos|Syntel has managed Randall and Quilter’s IT footprint since 2018 which is a part of its mission to generate profit from the expert management of legacy non-life insurance acquisitions and reinsurances.

Sangeeta Johnson, head of operations at Randall and Quilter, said: “We require a partner that can take a strategic view of our digital operations and optimise a disparate set of systems in order to help realise our core mission and in opting to renew our contract and with Atos we have the right partner to help us deliver on our objectives.”

David Haley, Atos head of financial services and insurance, Northern Europe, commented: “Through close collaboration Atos is able to audit, identify and achieve rationalisation of the Randall and Quilter digital estate, presenting an integrated and modernised ecosystem, helping to manage its operations effectively and realise the value of its investments within the highly regulated geographies in which it operates.”

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24 December 2020   Randall & Quilter Investment Holdings has agreed to acquire the Vibe Group, which has a Lloyd’s syndicate placed into runoff in 2019.
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6 September 2021   The new vehicle will allow the run-off acquirer to support $2 billion of insurance reserves.
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27 September 2021   R&Q is transitioning its legacy insurance business into a capital-light recurring fee-based model.