Changes to the register of di

RNS Number : 2542N

Randall & Quilter Inv Hldgs PLC

08 June 2010

 



Date:	8 June 2010
On behalf of:	Randall & Quilter Investment Holdings plc ("Randall & Quilter" or the "Group")
For immediate release

Randall & Quilter Investment Holdings plc ("RQIH")

Changes to the register of director information

Randall & Quilter (AIM: RQIH), the specialist non-life insurance investor, service provider and underwriting manager, announces the following in accordance with AIM Rule 17 and Schedule 2 (g) of the AIM Rules for Companies.

On 4 June 2010, the Appeals Tribunal of the Accountant's Joint Disciplinary Scheme reprimanded Kevin Paul McNamara, a non-executive director of RQIH, for a lack of professional competence in relation to the 1998 and 1999 audits of Equitable Life.

No fine was levelled against MrMcNamara personally and the Tribunal rejected the suggestion that the reprimand should be characterised as "severe". It also stated that there was no suggestion that he should be excluded from the accountancy profession.

Mr McNamara retains the full confidence of the rest of the Board of RQIH.

- ends -

Enquiries to:

Randall & Quilter Investment Holdings plc	www.rqih.co.uk
Tom Booth	Tel: [phone]
Numis Securities Ltd
Stuart Skinner (Nominated Advisor)	Tel: [phone]
Charles Farquhar (broker	Tel: [phone]
Redleaf Communications (Corporate PR)	r&[e-mail]
Emma Kane/ Alicia Jennings	Tel: [phone]

Notes to Editors:

§ Since formation, Randall & Quilter has pursued a buy and build strategy to create a

    comprehensive range of investment activities and services in the global non-life

     insurance market and is focused on the following four core areas:

-    Insurance Investments;

-    Insurance Services;

-    Underwriting Management; and

-    Captives

§ The Group currently has:

-    a portfolio of nine insurance companies in run-off (from the UK, US and Europe) with net assets of c.£66m as at 31 December 2009;

-    wide service capability in both the 'live' and 'run-off' markets

-    a team of approximately 240 insurance professionals based in the UK, USA and Bermuda; and

-    'in principle' approval by Lloyd's of London to provide 'turnkey' management services to syndicates.

§ The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and

    Alan Quilter, Group Finance Director who both have extensive experience in the industry

     including as Head of Regulation of Lloyd's and as Head of the Market Financial Services

    Group respectively.

 

END

 

 

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