• Strategy
  • Innovation
  • Expertise

Senior Management Changes

8 January, 2018

Randall & Quilter (R&Q), the specialist non-life legacy insurance investor and capacity provider of US and European MGA programme business, today announces changes to its senior management team, as progress continues towards the simplification of the Group.

Tom Booth, Group Chief Financial Officer, has resigned as a Director with immediate effect and will be leaving the employment of the R&Q Group effective 30th June 2018 to pursue alternative opportunities.

Ken Randall, Group Chairman said: “Tom joined the Group almost ten years ago, shortly after R&Q listed on the AIM market of the London Stock Exchange. He has made a significant contribution to the development of R&Q’s business and we shall miss his intelligence and energy. I wish him every success in his future career.

“Alan Quilter, Group Deputy Chairman, will re-assume the role of Group Chief Financial Officer, a position which he has held previously, with immediate effect. Alan will additionally take the lead as regards Group-wide development of programme business.

“I will continue as Group Chairman and Chief Executive Officer.

“Mark Langridge, CEO of Insurance Investments, who has been with the Group since 2008, will be appointed to the Group Board and will continue to be responsible for Group-wide legacy acquisitions and management.

“R&Q continues to make excellent progress. The simplification of the Group is proceeding well, most recently with the completion of the disposal of our Lloyd’s Managing Agency to Coverys. Further disposals are expected to be agreed and announced shortly.

“The pipeline of new business opportunities remains strong, particularly in the high growth areas of insurance legacy and programme business, which is mostly reinsured to high quality insurance carriers.

“The Group has also made good progress with deployment of the cash raised in the recent funding round.

“We are today announcing a number of internal promotions across the Group and there is to be some re-alignment of senior management responsibilities. We have a highly focused, talented and experienced management team and we are all excited about the prospects for growth. The business is performing well and we have an excellent and growing pipeline of new business opportunities both in legacy and insurance programme business.

“The management changes being announced today are designed to enhance business development, capital management and operational efficiency. The simplification of our business following recent and planned disposals, will enable Alan Quilter and I to devote more time to ‘hands on’ business development. The reaction from the (re)insurance market to our business initiatives has been extremely positive and momentum has increased as a result of uncertainties around Brexit and wider insurance industry developments.”

Click here for the full Press Release

Senior Management Changes

Latest News

Allotment of Shares
Allotment of Shares

The Company has issued a total of 83,905 new ordinary shares of 2 pence each to Todd Campbell, Chief Executive Officer and President of Accredited (US) in accordance with his service contract. In addition, the Company has issued 9,661 new …

Notice of General Meeting and Proposed Return of Capital to Shareholders
Notice of General Meeting and Proposed Return of Capital to Shareholders

Following the announcement of the Group’s interim results on 19 September 2018, the Board of Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (“Company”), the Bermuda based global program underwriting management and legacy acquisitions specialist, is pleased to confirm that a …

Acquisition of Western Captive Insurance Company Designated Activity Company
Acquisition of Western Captive Insurance Company Designated Activity Company

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce it has entered into an agreement to acquire Western Captive Insurance Company Designated Activity Company (“WCIC”) from the Coffey Group of companies in Ireland, their Irish domiciled captive insurance …