7th Jan 2008 13:35
Randall & Quilter Inv Hldgs PLC07 January 2008 07 January 2008 Randall & Quilter Investment Holdings plc Appointment of Divisional COO Randall & Quilter, the award winning run-off management service provider andacquirer of solvent insurance companies in run-off, announces that John O'Neillhas joined the Group as Chief Operating Officer of the UK Insurance ServicesDivision. John O'Neill has 23 years' experience in the London insurance market, working inboth the active and run-off sectors. Most recently he was group head of claimsfor Wellington plc. Between December 2003 and March 2007 John was the chairmanof the Lloyd's Market Association's Claims Committee. He is currently a memberof the CII's Faculty of Claims Board. John also has extensive experience withthe United States insurance and reinsurance market through his time as anaccount manager in the Equitas Claims Unit. John is a Fellow of the CharteredInsurance Institute and a graduate in Mathematics and French from the Universityof London. Commenting on O'Neill's arrival, Ken Randall, Chairman and Chief ExecutiveOfficer of Randall & Quilter, said: "The potential for Randall & Quilter's Insurance Services Division issubstantial and John is a high quality addition to the team. His arrival,following our recent successful Admission to AIM, will allow us to enhancefurther our development plans." Commenting on his appointment, O'Neill said "I see joining R&Q as a fantasticopportunity for me to be part of a growing and successful business. It is goingto be hugely rewarding to work with Ken and the rest of the team to continue tobuild the business ." ENDS Randall & Quilter is the holding company for a group of companies which operatein the non-life run-off insurance sector (the "Group"). The Group comprisesthree divisions: • Insurance Services Division. This manages insurance portfolios in run-off for both third party clients, including syndicates at Lloyd's, and for the Group's own insurance subsidiaries. • Insurance Company Division. This acquires solvent insurance companies in run-off, avoiding companies with any material personal lines business. Currently this division has eight companies in its portfolio. • Liquidity Management Division. This acquires reinsurance receivables on a recourse or non-recourse basis and seeks to realise them for cash. The Group has approximately 170 staff in its offices in the UK and the US andhas recently been selected as 'Run-off Management Service Provider of the Year2007' by the Association of Run-off Companies. Further information can be found at www.rqih.co.uk. Enquiries: Randall & Quilter Investment Holdings plc Ken Randall Tel: 020 7780 5945 Mobile: 07831 145440 Alan Quilter Tel: 020 7780 5943 Mobile: 07773 428617 Noble & Company Limited John Riddell Tel: 020 7763 2200 Mobile: 07854 041636 Numis Securities Limited Charlie Farquhar Tel: 020 7260 1233 Mobile: 07990 593 733 Polhill Communications PJ Lewis Tel: 07932 351704 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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