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7 May 2019 07:00
7 May 2019
Randall & Quilter Investment Holdings Ltd.
("R&Q", or the "Company")
Board Appointment
Randall & Quilter Investment Holdings Ltd., the non-life legacy insurance investor and capacity provider of US European MGA program business, is pleased to announce the appointment of Joanne ('Jo') Patricia Fox to the Board as a non-executive director of the Company with immediate effect.
Jo is a highly regarded non-executive director and finance professional with over 20 years' experience at board and management levels, having qualified as a Chartered Accountant with Arthur Andersen in 1990. Jo has worked in the insurance industry since 1996 when she worked for Liberty Risk Services, and later with International Insurance Company of Hannover and Lancashire Insurance. More recently, Jo was chair and non-executive director of R&Q Managing Agency Limited, which was acquired by Coverys in 2017.
Ken Randall, Group Chairman, commented:
"We are delighted that Jo has agreed to join the R&Q Board as a non-executive director. We have known Jo for a number of years since she became a non-executive director and chair of the audit committee of our managing agency company. Jo has considerable experience in syndicate and underwriting business which will complement the overall balance of the Board and be invaluable as we continue to build on our platform for growth. I look forward to welcoming her to the Board."
Additional disclosures
In addition to the appointment to the Board, Jo Fox, aged 55, holds or has held the following directorships in the past five years.
Current directorships | Previous directorships held in the last 5 years |
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Clauber Consulting Limited | Coverys Managing Agency Limited |
AmTrust At Lloyd's Limited | AmTrust Underwriting Limited |
AmTrust Europe Limited |
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AmTrust Syndicates Limited |
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There is no further information that is required to be disclosed with regards to the appointment of Jo Fox pursuant to Schedule 2 paragraph (g) of the AIM Rules.
-Ends-
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Notes to Editors:
About R&Q
The overall mission of the Bermuda based Group is to:
· generate profits and capital extractions from expert management of legacy non-life insurance acquisitions/ reinsurances, including in Lloyd's; and
· grow commission income from its licensed (and rated) carriers in the US and EU/UK, writing niche and profitable program business, largely on behalf of highly rated reinsurers.
Our aim is to continue to grow sustainable profit streams to support our business model and increase book value and cash distributions to shareholders.
The Group was founded by Ken Randall and Alan Quilter in 1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
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