13 March, 2015
Randall & Quilter (“R&Q” or “the Company”) announces that Nicholas (Nick) Hales has today stepped down as Chief Executive Officer of R&Q MGA Limited following the recently announced completion of the sale of R&Q Marine Services Ltd (‘RQMS’), to Hiscox Ltd.
Nick joined R&Q from the Talbot/Validus group company Underwriting Risk Services Ltd in December 2011. For over three years, Nick, who is a Board member of Managing General Agents’ Association (MGAA), was responsible for building and creating R&Q’s global MGA business, specialising in niche underwriting sectors.
Nick steered the business to premium income of £37 million and oversaw the successful sale of RQMS.
Ken Randall, Group Chairman and Chief Executive Officer said: “I would like to thank Nick for his significant contribution to the business. He has been instrumental in building a leading specialist MGA business and we wish him well for the future.”
Further to the Company’s announcement on 13 January 2020 (RNS number 5159Z), the Company hereby provides the attached notification, made in accordance with the requirements of the EU Market Abuse Regulation.
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