Board Appointment
13 October 2020
Randall & Quilter Investment Holdings Ltd.
("R&Q", the "Group" or the "Company")
Board Appointment
Randall & Quilter Investment Holdings Ltd., the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, is pleased to announce that Thomas Solomon, Chief Financial Officer of the Group, has been appointed to the Company's board of directors with effect from 2 November 2020.
Tom took up his position as Chief Financial Officer on 13 August 2020.
Additional disclosures
As announced on 3 August 2020, 1,210,707 restricted ordinary shares have been awarded to Tom as part of his remuneration package. The award represents 0.54% of the Company's shares in issue and 0.54% of the total voting rights.
Other than his appointment to the R&Q board, Thomas Solomon, aged 50, holds or has held the following directorships in the last five years.
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Current directorships |
Previous directorships held in the last 5 years |
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Sail Harbour Club Association (USA) |
None |
There is no further information that is required to be disclosed with regards to the appointment of Thomas Solomon pursuant to Schedule 2 paragraph (g) of the AIM Rules.
-Ends-
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Notes to Editors:
About R&Q
R&Q is a non-life global specialty 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 secular growth opportunities.
Legacy Insurance generates profits and capital extractions from expert management of legacy non-life insurance portfolios. Program Management generates commission income from its licensed (and rated) carriers in the US, EU and the UK, writing niche and profitable program business, largely on behalf of highly rated reinsurers.
For the financial year ended 31 December 2019 R&Q reported pre-tax profits of over £40 million.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
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