Director Appointment

RNS Number : 3501Z

Randall & Quilter Inv Hldgs PLC

12 January 2011

 



Date:	12 January 2011
On behalf of:	Randall & Quilter Investment Holdings plc ("R&Q", "Randall & Quilter" or the "Group")
For immediate release

Randall & Quilter Investment Holdings plc

Director Appointment

The Board of Randall and Quilter (AIM: RQIH), the specialist non-life insurance investor, is pleased to announce the appointment of Tom Booth as Executive Director alongside Ken Randall (Chairman and Chief Executive) and Alan Quilter (current Chief Financial Officer) with immediate effect.

Tom has been with Randall and Quilter since October 2009 in the role of Corporate Finance Director, having previously been a corporate adviser and investment banker, specialising on the non-life insurance industry.

It is the intention of the Board to appoint Tom as Chief Financial Officer of the Group in the Company's forthcoming 2011 Annual General Meeting. Alan Quilter will then assume the new Executive position of Chief Operating Officer.

On his appointment, Tom Booth commented:

"I am delighted to join the Board at such an exciting time in the Group's evolution. The achievements in the past year have been considerable, notably in launching a new turnkey syndicate and in expanding our service offering into the 'live' insurance market. I look forward to working with the rest of the Board and senior management in continuing to grow the Group's operations in all four business areas: Investments, Insurance Services, Underwriting Management and Captives."

Tom, aged 35, is or has been a director of the following companies during the previous five years:

Current Directorships:            Nil

Directorships held within the previous five years: 8 Warrington Crescent Ltd

Save as disclosed above, and in accordance with AIM Rule 17, there is nothing further to disclose under Schedule Two, paragraph (g) of the AIM Rules.

-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]
Shore Capital Stockbrokers Limited
Dru Danford / Stephane Auton	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. £74m as at 30 June 2010;

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

-    A team of approximately 315 insurance professionals based in the UK, USA, Canada and Bermuda.

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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