REG - R&Q Insurance Hldgs - Appointment of Non-Executive Chairman

R&Q Insurance HoldingsAnnouncement

31/03/2023 07:15

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RNS Number : 8341U  R&Q Insurance Holdings Ltd  31 March 2023

 

R&Q Insurance Holdings Ltd

 

Appointment of Non-Executive Chairman

 

31 March 2023

 

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 Jeffrey (Jeff)
Hayman as Non-Executive Chairman of R&Q, with immediate effect.

 

Jeff's extensive industry experience makes him well placed to lead the Board
as Non-Executive Chairman. He has spent  nearly 40 years in the insurance
industry with long tenures at The Travelers and American International Group,
including as CEO of Global Consumer Insurance and President & CEO of AIU
Far East Holdings. In addition, Jeff was recently a Board member and committee
chair of Zurich Insurance Group Ltd.

 

Following Jeff's appointment, William Spiegel will assume the role of Group
CEO and Alan Quilter, R&Q's current CEO, will work exclusively with the
Program Management teams in the US and UK/Europe before retiring at the end of
December 2023.

 

William Spiegel, Group Chief Executive Officer, commented:

 

"As we announced last year, we started a search for a Non-Executive Chairman
in order to have a governance structure that is more aligned with best market
practice. In Jeff Hayman we have identified an outstanding candidate given his
highly relevant experience that includes Board roles in the US, Europe and
Asia, and executive and leadership roles with AIG and Travelers. I am excited
to work closely with Jeff and look forward to his contributions to the Board.

 

As a co-founder, Alan has been instrumental in the growth, evolution and
success of R&Q over the last 30 years. Most recently, he has played an
important role in the expansion and development of our leading Program
Management business. On a personal level, I have greatly valued Alan's
partnership, collaboration and experience. I am delighted he will remain with
us for the remainder of 2023, ensuring a smooth transition before his very
well-deserved retirement."

 

-

 

Regulatory disclosure - The following information is disclosed in accordance
with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

 

Jeffrey Lawrence Hayman, 63, holds nil ordinary shares in the Company and nil
options. Jeffrey Hayman's current and previous directorships/partnerships are
as follows:

 

Current Directorships/Partnerships:

Hungry Minds Inc

Food Bank of South Jersey

Lakeview Timbers LLC

 

Former Directorships/Partnerships held in last 5 years:

 

Zurich Insurance Group Ltd

Zurich Insurance Company Ltd

Lakeview Acquisition Corporation

 

Save for the disclosures above, there are no further disclosures to be made in
accordance with Rule 17 and Schedule 2(g) of the AIM Rules.

 

-Ends-

 

 

 Enquiries to:

 

R&Q Insurance Holdings Ltd
 William Spiegel                    Tel: 0207 780 5850
 Tom Solomon                        Tel: 0207 780 5850

 Numis Securities Limited (Nominated Advisor and Joint Broker)
 Giles Rolls                        Tel: 020 7260 1000
 Charles Farquhar                   Tel: 020 7260 1000

 Barclays Bank PLC (Joint Broker)

 Andrew Tusa                        Tel: 020 7632 2322

 Richard Bassingthwaighte

 FTI Consulting

 Tom Blackwell / Shipra Khanna      Tel: 020 3727 1051

Enquiries to:

R&Q Insurance Holdings Ltd
 William Spiegel                    Tel: 0207 780 5850
 Tom Solomon                        Tel: 0207 780 5850

 Numis Securities Limited (Nominated Advisor and Joint Broker)
 Giles Rolls                        Tel: 020 7260 1000
 Charles Farquhar                   Tel: 020 7260 1000

 Barclays Bank PLC (Joint Broker)

 Andrew Tusa                        Tel: 020 7632 2322

 Richard Bassingthwaighte

 FTI Consulting

 Tom Blackwell / Shipra Khanna      Tel: 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 (http://www.rqih.com)

 

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