Appointment of Executive Director

RNS Number : 2786B

Randall & Quilter Inv Hldgs Ltd

09 January 2018

 

 

 9 January 2018

Randall & Quilter Investment Holdings Ltd.

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

Appointment of Executive Director

Randall & Quilter Investment Holdings Ltd., the non-life legacy insurance investor and capacity provider of US European MGA programme business, is pleased to announce the appointment of Mark Andrew Langridge, Chief Executive Officer, Insurance Investments Division, to the board as an Executive Director of the Company.

Mark has worked within the London insurance industry since 1980 when he began his career with the Prudential Corporation, qualifying as an accountant in 1987. In 1993 he joined KWELM Management Services which was subsequently acquired by the Group. He has been Chief Executive Officer of the R&Q Insurance Investments Division for approximately 5 years.

Ken Randall, Group Chairman, commented:

"Mark has held a senior management position within the Group for some years. Prior to joining R&Q he was responsible for managing the legacy of the defunct HS Weavers' underwriting pool which had liabilities of more than $9bn and which presented unique challenges for the P&C industry in London and internationally.  Mark is well known and highly regarded throughout the run-off sector. Within R&Q  he is responsible for all legacy acquisitions and management, including our  Lloyd's run off portfolios. I value his contribution and commitment to the business and look forward to working with him as a member of the Group Board."

Directorships and partnerships held by Mark Langridge, aged 54, in the last five years are shown in the attached appendix.

There are no matters required to be disclosed in relation to Schedule 2 paragraph (g) and (i) of the AIM Rules.                                                                                  

Appendix

Mark Andrew Langridge

Directorships

Existing	Previous directorships in the last 5 years
Alma Vakuutus Oy	A.M. Associates Insurance Services Ltd.
R&Q Beta Company Limited	Principle Insurance Company Limited
R&Q CG Limited	Callidus Secretaries Limited
R&Q CalSol Limited	Capstan Insurance Company Limited
R&Q Insurance (Europe) Limited	Chevanstell Limited
CMAL LLC	Chevanstell Management Limited
Excess and Treaty Management Corporation	FNF Title Company Limited
R & Q Cyprus Ltd	JMD Specialist Insurance Services Group Limited
R&Q Alpha Company Limited	JMD Specialist Insurance Services Limited
R&Q KMS Management Limited	KMS Employment Limited
La Licorne Compagnie de Reassurances SA	KMS Insurance Services Limited
Pender Mutual Insurance Company Limited	La Reassurance Intercontinentale
Requiem America Inc.	Requiem America Inc.
Randall & Quilter II Holdings Limited	Randall & Quilter IS Holdings Limited
R&Q Gamma Company Limited	R&Quiem Limited
R&Q Delta Company Limited	R&Q Archive Services Limited
R&Q Liquidity Management Limited	R&Q Broker Services Limited
R&Q Malta Holdings Limited	R&Q (Gibraltar) Limited
R&Q Insurance (Malta) Limited	R&Q Insurance (Guernsey) Limited
R&Q Insurance Management (IOM) Limited	R&Q Insurance Services Limited
R&Q Reinsurance Company (UK) Limited	R & Q Reinsurance Company (Belgium)
R&Q RI Insurance Company Limited	Reinsurance Solutions Limited
RSI Solutions International INC
R&Q Ireland Claims Services Limited
R&Q Ireland Company Limited by Guarantee
Syndicated Services Company, Inc.

-Ends-

Randall & Quilter Investment Holdings Ltd. Ken Randall Tel: [phone] Numis Securities Limited (Nominated Adviser) Stuart Skinner Tel: [phone] Charles Farquhar Tel: [phone] Shore Capital Stockbrokers Limited Dru Danford / Stephane Auton 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 programme 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

 

END

 

 

BOASSSFWAFASEFF