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Pin to quick picksR&Q Insurance Share News (RQIH)

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UK EXECUTIVE CHANGE SUMMARY: Danakali Hires Potash Mining Vet As COO

Tue, 13th Oct 2020 14:06

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

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Danakali Ltd - developing Colluli sulphate of potash project in Eritrea - Hires Rod McEachern as chief operating officer, starting December 3. McEachern was a senior executive at Nutrien and PotashCorp and brings experience in managing potash mines and processing plants. Says appointment comes at significant time, as Colluli moves toward phase 3 development. Separately says it proposes to issue 250,000 unlisted options to "a new employee of the company".

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Randall & Quilter Investment Holdings Ltd - Bermuda-based firm focused on non-life legacy insurance and program management - Adds Chief Financial Officer Thomas Solomon to board from November 2. Solomon had joined R&Q back in August from Bank of America. Separately says Florida-based subsidiary Accredited Surety & Casualty Co Inc has entered a new program partnership with Attune Insurance. Accredited will be an issuing carrier on behalf of Attune for a program that will provide property, general liability, crime, and equipment breakdown coverage to business owners in commercial properties.

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MaxCyte Inc - Gaithersburg, Maryland-based cell-based therapies and life sciences - Promotes Brad Calvin to chief commercial officer from executive vice president for Global Commercial Operations. Hires Sarah Haecker Meeks as vice president for Business Development and Steve Nardi as vice president for Manufacturing & Engineering Operations. Meeks was VP of Business Development at Synpromics, now part of AskBio. Nardi was VP of Worldwide Manufacturing at Iradimed Corp.

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Universe Group PLC - Southampton, Hampshire-based retail management solutions, payment and loyalty systems - Hires Carmel Warren as interim chief financial officer for an initial period of six months. Universe Group had announced last month that Finance Director Daryl Paton was stepping down "to pursue a new career opportunity" after three years in post. Paton will remain with the company until November 1 for a handover. Carmel was most recently CFO at AIM-listed D4T4 Solutions PLC and also worked at Exxon Mobil Corp. Continuing to look for a permanent CFO.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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R&Q Insurance mulling liquidation to complete Accredited sale process

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(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

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R&Q Insurance shares plummet on weak guidance

(Sharecast News) - R&Q Insurance, the AIM-listed non-life insurer, lost almost half of its market value on Friday after announcing it would report a "significant pre-tax loss" for last year.

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12 Apr 2024 10:50

R&Q shares plummet as company warns of significant loss in 2024

(Alliance News) - R&Q Insurance Holdings Ltd on Friday said it expects to make a "significant pretax loss" this year.

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1 Mar 2024 13:49

R&Q says divestment is on track after press speculation

(Sharecast News) - R&Q Insurance Holdings responded to fresh press speculation on its plans on Friday, confirming that it was still on track to finalise the sale of its Accredited business.

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1 Mar 2024 11:59

R&Q Insurance expects sale of Accredited to close in second quarter

(Alliance News) - R&Q Insurance Holdings Ltd on Friday noted press reports about its planned sale of its programme management business Accredited, and its legacy insurance business.

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Thursday 11 January 
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Copyright 2024 Alliance News Ltd. All Rights Reserved. 

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2 Jan 2024 14:52

R&Q confirms retirement of founder Alan Quilter

(Sharecast News) - R&Q Insurance Holdings announced the retirement of Alan Quilter, its group head of programme management, on Tuesday.

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22 Dec 2023 10:54

IN BRIEF: R&Q Insurance shares fall 20% as Bermuda review pauses deals

R&Q Insurance Holdings Ltd - Hamilton, Bermuda-based non-life specialty insurance company - Has "engaged closely" in recent months with Bermuda Monetary Authority, its principal insurance regulator, regarding the future strategy for R&Q Legacy. R&Q in October announced plans to sell its Accredited unit for USD465 million, leaving R&Q Legacy as a stand-alone business. BMA has now requested an independent actuarial review of the remaining group's reserves.

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R&Q sees big opportunity for Legacy arm as eyes life after Accredited

(Alliance News) - R&Q Insurance Holdings Ltd on Thursday said its Legacy arm has "a robust pipeline" as it looks ahead to life after the disposal of its Accredited unit.

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