(Alliance News) - Bermuda-headquartered Randall & Quilter Investment Holdings Ltd on Thursday said Ken Randall will retire as executive chair effective March 31, 2021.
Randall & Quilter - a non-life legacy insurance investor and capacity provider for the US and European managing general agent market - said Randall will be succeeded by William Spiegel.
Spiegel was hired as executive director and deputy group chair on January 13 as part of the company's succession plan and will take over from April 1, 2021.
"R&Q has always been a business that combines entrepreneurialism, boldness and innovation and, in William, I am delighted to have identified a successor who encapsulates these values. Since his joining in January I have been deeply impressed with William's energy, drive and vision, reinforcing my confidence in him as the right individual to take R&Q forward when I retire," Randall said.
Randall & Quilter shares were up 2.5% at 164.00 on Thursday afternoon in London.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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R&Q Insurance (RQIH)