Randall & Quilter Inv Hldgs Ltd Appointment of Executive Director (2786B)

TIDMRQIH

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)         Chevanstell Limited 
  Limited 
=============================  ================================= 
 CMAL LLC                       Chevanstell Management 
                                 Limited 
=============================  ================================= 
 Excess and Treaty Management   FNF Title Company Limited 
  Corporation 
=============================  ================================= 
 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           KMS Insurance Services 
  de Reassurances SA             Limited 
=============================  ================================= 
 Pender Mutual Insurance        La Reassurance Intercontinentale 
  Company Limited 
=============================  ================================= 
 Requiem America Inc.           Requiem America Inc. 
=============================  ================================= 
 Randall & Quilter II           Randall & Quilter IS Holdings 
  Holdings Limited               Limited 
=============================  ================================= 
 R&Q Gamma Company Limited      R&Quiem Limited 
=============================  ================================= 
 R&Q Delta Company Limited      R&Q Archive Services Limited 
=============================  ================================= 
 R&Q Liquidity Management       R&Q Broker Services Limited 
  Limited 
=============================  ================================= 
 R&Q Malta Holdings Limited     R&Q (Gibraltar) Limited 
=============================  ================================= 
 R&Q Insurance (Malta)          R&Q Insurance (Guernsey) 
  Limited                        Limited 
=============================  ================================= 
 R&Q Insurance Management       R&Q Insurance Services 
  (IOM) Limited                  Limited 
=============================  ================================= 
 R&Q Reinsurance Company        R & Q Reinsurance Company 
  (UK) Limited                   (Belgium) 
=============================  ================================= 
 R&Q RI Insurance Company       Reinsurance Solutions 
  Limited                        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] 
                                     5945 
 
    Numis Securities Limited (Nominated Adviser) 
   Stuart Skinner                   Tel: [phone] 
                                     1000 
   Charles Farquhar                 Tel: [phone] 
                                     1000 
 
    Shore Capital Stockbrokers Limited 
   Dru Danford / Stephane Auton     Tel: [phone] 
                                     4090 
   FTI Consulting 
    Edward Berry/Tom Blackwell       Tel: [phone] 
                                     1046 
 

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

This information is provided by RNS

The company news service from the London Stock Exchange

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January 09, 2018 02:00 ET (07:00 GMT)