RQIH R&q Insurance Holdings Ltd

TIDMRQIH

RNS Number : 6928W

R&Q Insurance Holdings Ltd

22 August 2022

R&Q Insurance Holdings Ltd

Board Appointment

22 August 2022

R&Q Insurance Holdings Ltd (AIM: RQIH) ("R&Q"), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, is pleased to announce the appointment of Robert Legget as Senior Independent Director. Robert will join the Board as of 26 August 2022.

Alastair Campbell, current Senior Independent Director, will remain an Independent Director. He will retire as previously planned on 31 January 2023, after nine years on the Board.

The appointment forms part of R&Q's ongoing, and previously announced, plans to enhance its Board composition. The Board plans to introduce an Independent Non-Executive Chairman as soon as possible with the appointment of further Independent Directors in due course.

Robert Legget is Chairman of Progressive Value Management, a firm that focuses on the creation of shareholder value, which he co-founded in 2000. Prior to this, Robert was a Director, Corporate Finance, with Quayle Munro (now part of Houlihan Lokey), the Edinburgh-based merchant bank. During his career he has also held a number of senior finance and accounting roles. Robert is a qualified chartered accountant and holds an MBA.

William Spiegel commented: "Robert's appointment will improve the mix of opinion, expertise and perspective available to the Board. In particular, his corporate governance experience and background in capital markets and advising investors will be of significant value.

I would also like to thank Alastair whose wisdom and insight has been invaluable to me and the Board. His considered and collaborative approach has been critical in helping guide the Board over many years, and I am pleased he will continue to make an important contribution until his well-earned retirement in January."

Robert Legget said: "I look forward to working closely with William and his fellow Board members to help support the delivery of the current strategy and enable R&Q to achieve its potential."

-Ends-

Enquiries to:

 
  R&Q Insurance Holdings Ltd.                  www.rqih.com 
   William Spiegel                              Tel: 0207 780 5850 
    Tom Solomon 
   Fenchurch Advisory Partners LLP (Financial   Tel: 020 7382 2222 
    Adviser) 
    Kunal Gandhi 
    Brendan Perkins 
    Richard Locke 
 
    Numis Securities Limited (Nominated Adviser & Broker) 
   Charles Farquhar                             Tel: 020 7260 1000 
    Giles Rolls 
 
    Barclays Bank PLC Limited (Joint Broker) 
   Nishant Amin                                 Tel: 020 7632 2322 
    Chris Madderson 
   FTI Consulting 
    Tom Blackwell                                Tel: 020 3727 1046 
 

Notes to Editors:

About R&Q

R&Q is a non-life global specialty insurance company operating two highly complementary businesses: Program Management and Legacy Insurance. Both of these businesses are leaders in markets with high barriers to entry and significant 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.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

In accordance with Schedule 2(g) of the AIM Rules:

In addition to the appointment to the Board, Robert William Lindsay Legget, aged 72, holds or has held the following directorships in the past five years.

 
 Current directorships 
 
  Downing 
  Strategic 
  Micro-Cap 
  Investment 
  Trust 
  PLC 
 
  Luffness 
  New 
  Golf 
  Club 
  Limited 
 
  Progressive 
  Asset 
  Management 
  Limited 
 
  Progressive 
  Value 
  Management 
  Limited 
 
  Sureserve 
  Group 
  plc 
 
  Trian 
  Investors 
  1 
  Limited 
 

Robert Legget was a director of Unisoft Ltd which appointed liquidators in November 2001 for a creditors' voluntary liquidation and there was a shortfall on an intercompany loan owed to Unisoft Ltd's parent company. The company was dissolved in September 2004.

Robert Legget was a director of both Progressive AIM Realisation Limited and Progressive Asset Management Limited within 12 months of the date on which liquidators were appointed, being August 2016, for a members' voluntary liquidation. The companies were dissolved in January 2019, there were no creditor losses.

There is no further information disclosable in respect of Robert Legget pursuant to Schedule 2(g) of the AIM rules for companies.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBRGDILUDDGDB

(END) Dow Jones Newswires

August 22, 2022 02:00 ET (06:00 GMT)

R&q Insurance (LSE:RQIH)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

R&q Insurance (LSE:RQIH)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024