These directorate changes form part of an on-going reorganisation of the group’s board following the redomiciliation to Bermuda and further changes are expected to be announced over the coming months.
Alastair Campbell, aged 68 qualified as a Chartered Accountant in 1968. After qualifying he worked with PKF Littlejohn LLP, becoming a partner in 1970. Between 1984 and 1998 he acted as the Senior Partner and Chairman of the firm. Following his retirement in 2010 he has worked as a consultant and expert witness on a number of accounting related projects. For some 20 years he was a member of the Insurance Industries Sub-Committee of the Institute of Chartered Accountants in England and Wales, which considers all aspects of accounting, auditing and reporting of insurance entities. He is a member of the Academy of Experts, which promotes high objective standards for experts.
Ken Randall, Chairman and CEO of R&Q: “We would like to thank Paul for his guidance and counsel to the group since becoming a non-executive director in 2007 and we wish him well following his retirement from the board.
We are delighted to welcome Alastair to the R&Q board and look forward to the benefit of his experience as the development of the group continues.”
Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following three core areas:
· Insurance Investments;
· Insurance Services; and
· Underwriting Management
· provides a range of services to both the live and legacy (re)insurance markets to support growing businesses and address problematic run-off issues.
· has a team of up to 350 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the ‘live’ and ‘run-off’ market;
· has a current portfolio of 14 insurance companies and captives in run-off (from the UK, US and Continental Europe) with net assets of c.£96.4m as at 30 June 2013
· owns a Bermuda Class 3A insurance company which currently supports the Group’s four syndicate participations;
· has launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a Capacity of £150m for 2014, provides ‘turnkey’ management services to Lloyd’s syndicate 1897, manages two RITC (‘run-off’) syndicates and owns and operates 3 MGA business units; and
· acquires and manages a portfolio of insurance receivables, with a carrying cost of c. £8.9m as at 30 June 2013;
The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer and Deputy Group Chief Executive.
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