RQIH R&q Insurance Holdings Ltd

TIDMRQIH

RNS Number : 5538E

R&Q Insurance Holdings Ltd

30 June 2023

R&Q Insurance Holdings Limited

Appointment of Non-Executive Director

30 June 2023

R&Q Insurance Holdings Ltd (AIM: RQIH) ("R&Q" or the "Group"), the leading non-life global specialty insurance company focusing on the Program Management ("Accredited") and Legacy Insurance ("R&Q Legacy") businesses, is pleased to announce that, in accordance with the Purchase and Exchange Agreement entered into with Scopia Capital Management, Scopia has nominated Jerome Lande as their representative to be appointed to the R&Q Board. The Board intends to appoint Jerome as a Non-Executive Director, subject to the satisfactory completion of due diligence checks typical for the appointment of a director of an AIM company. Assuming Jerome is appointed prior to the Annual General Meeting to be held on 28 July 2023, Jerome will stand for re-election at the Annual General Meeting.

-Ends-

 
  Enquiries to:   R&Q Insurance Holdings Ltd 
       William Spiegel                                                 Tel: +44 020 7780 5850 
       Tom Solomon                                                     Tel: +44 020 7780 5850 
 
       Numis Securities Limited (Nominated Advisor and Joint Broker) 
       Giles Rolls 
       Charles Farquhar                                                 Tel: +44 020 7260 1000 
                                                                        Tel: +44 020 7260 1000 
 
       FTI Consulting (Media Relations) 
        Tom Blackwell / Shipra Khanna                                   Tel: +44 020 3727 1051 
 

Notes to Editors:

About R&Q

R&Q is a global non-life specialty insurance company. We operate two core businesses: Program Management and Legacy Insurance. Both these businesses are leaders in their respective markets.

Our approach is to deploy our origination and underwriting capabilities, alongside our licensed and rated carriers in the US, EU, and the UK, to generate attractive fee returns in Program Management and Legacy Insurance.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

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June 30, 2023 05:08 ET (09:08 GMT)

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