Randall & Quilter Inv Hldgs Ltd William Spiegel succeeds Ken Randall (1064U)
01 April 2021 - 5:00PM
UK Regulatory
TIDMRQIH
RNS Number : 1064U
Randall & Quilter Inv Hldgs Ltd
01 April 2021
Randall & Quilter Investment Holdings Ltd.
William Spiegel succeeds Ken Randall as Executive Chairman
Ken Randall retires 30 years after co-founding the Company
1 April 2021
Randall & Quilter Investment Holdings Ltd, (AIM-RQIH)
("R&Q"), the leading non-life global speciality insurance
company focussing on Program Management and Legacy Insurance
businesses, today confirms that, further to the announcement made 9
July 2020, Ken Randall has retired as Executive Chairman with
William Spiegel succeeding him in the role. Ken has also stepped
down as a Director of the Company.
William Spiegel , Executive Chairman, said: "It is an immense
honour to succeed Ken, who has been one of the world's leading
insurance entrepreneurs for over 30 years. More importantly he has
been an important mentor and friend to me.
Ken retires from R&Q having played a pivotal role in
building a truly unique specialty insurance company. Today we have
a market value of nearly GBP500m, over 300 employees in nine
offices around the world and compelling propositions in the growing
legacy insurance and program management markets.
From a personal perspective, I am very excited to step into the
role of Executive Chairman. We have a huge market opportunity in
front of us. We will continue to execute our growth strategy and
move the business forward, and I look forward to updating you on
our strong progress at our upcoming full year results."
Alan Quilter , Group CEO and co-founder, said: "I first met Ken
in 1974 at Lloyd's and we worked together on and off until we
founded R&Q in 1991. The last 30 years have been an incredible
journey for us as we've successfully established R&Q as a
highly regarded specialty insurance group with leading propositions
across our two core business lines. Ken's direction, energy and
vision have been key to this success, while he has been pivotal in
building an outstanding senior management team which is now taking
the Group to the next level.
Ken retires from R&Q with the business in great shape. I
wish Ken all the best for his retirement."
Ken Randall , commented: "The one constant since I co-founded
R&Q is the quality of its people, from Alan who I've worked
with since the start through to William as my successor, and it is
these people who have underpinned our success.
I therefore retire as Executive Chairman with a mixture of pride
in the business I have helped build and excitement, as a
shareholder, for its future. Having known him for many years, I
have great confidence that William is the right person to lead the
business forward. Not only does he share the entrepreneurial flair
that is part of R&Q's DNA, but since joining he has
demonstrated a clear ambition to further accelerate R&Q's
growth across its two core businesses and beyond.
I would like to thank everyone at R&Q, our shareholders and
the many friends and partners we have in the industry for their
support over the years and I look forward to closely following
R&Q's continued progress."
Ends
Enquiries to: Randall & Quilter Investment Holdings Ltd
William Spiegel Tel: +1 917-826-5877
Numis Securities Limited (Nominated Advisor and Joint Broker)
Stuart Skinner Tel: 020 7260 1000
Charles Farquhar (Broker) Tel: 020 7260 1000
Barclays Bank PLC
Mark Astaire Tel: 020 7632 2322
Milan Solanki Tel: 020 7632 2322
FTI Consulting
Tom Blackwell Tel: 020 3727 1046
Notes to Editors:
About R&Q
R&Q is a non-life global speciality insurance company
operating two core, highly complementary, businesses: Program
Management and Legacy Insurance. Both these businesses are leaders
in markets with high barriers to entry and significant growth
opportunities. Legacy Insurance generates profits and capital
extractions from expert management of legacy no-life insurance
portfolios. Program Management generates commission income from its
licensed (and rated) carriers in the US, EU and the UK, writing
niches and profitable program business, largely on behalf of highly
rated reinsurers.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
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