Directorate Change

RNS Number : 8032Z

Randall & Quilter Inv Hldgs Ltd

15 January 2020

 

 

15 January 2020

Randall & Quilter Investment Holdings Ltd.

("R&Q", "Group" or the "Company")

Directorate Change

The Board of Directors of Randall & Quilter Investment Holdings Ltd., the non-life legacy insurance investor and capacity provider of U.S. and European MGA program business, today announces the resignation of Roger Sellek as Executive Director and Joint Chief Executive Officer, effective immediately.

Ken Randall, Group Executive Chairman, said: "On behalf of the Board we thank Roger for his contribution to R&Q and wish him every success in his future endeavours."

Ends.

This announcement contains inside information.

Enquiries to:

Randall & Quilter Investment Holdings Ltd. Ken Randall Tel: + 44 (0) 207 780 5945 Numis Securities Limited (Nominated Adviser) Stuart Skinner Tel: [phone] Charles Farquhar Tel: [phone] Shore Capital Stockbrokers Limited Stephane Auton/James Thomas Tel: [phone] FTI Consulting Edward Berry/Tom Blackwell Tel: [phone]

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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