Specialty insurance company Randall & Quilter Investment Holdings (R&Q) has announced that co-founder Ken Randall has retired as executive chairman. William Spiegel succeeds Randall in the role. Randall has also stepped down as a director of the company.
“It is an immense honor to succeed Ken, who has been one of the world’s leading insurance entrepreneurs for over 30 years,” Spiegel said. “More importantly, he has been a mentor and friend to me. Ken retires from R&Q having played a pivotal role in building a truly unique specialty insurance company. Today we have a market value of nearly £500 million, over 300 employees in nine offices around the world, and compelling propositions in the growing legacy insurance and program management markets.”
“I first met Ken in 1974 at Lloyd’s, and we worked together on and off until we founded R&Q in 1991,” said Alan Quilter, group CEO and co-founder of R&Q. “The last 30 years have been an incredible journey for us as we’ve successfully established R&Q as a highly regarded specialty insurance group with leading propositions across our two core business lines. Ken’s direction, energy and vision have been key to this success, while he has been pivotal in building an outstanding senior management team, which is now taking the group to the next level. Ken retires from R&Q with the business in great shape. I wish Ken all the best for his retirement.”
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“The one constant since I co-founded R&Q is the quality of its people, from Alan – who I’ve worked with since the start – through to William as my successor, and it is these people who have underpinned our success,” Randall said. “I therefore retire as executive chairman with a mixture of pride in the business I helped build and excitement, as a shareholder, for its future. Having known him for many years, I have great confidence that William is the right person to lead the business forward. Not only does he share the entrepreneurial flair that is part of R&Q’s DNA, but since joining he has demonstrated a clear ambition to further accelerate R&Q’s growth across its two core businesses and beyond.”