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

R&Q Insurance HoldingsAnnouncement

30/06/2023 10:15

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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 (http://www.rqih.com)

 

 

 

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