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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.”
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