R&Q Insurance confirms retirement of co-founder

R&Q Insurance confirms retirement of co-founder | Insurance Business America

Insurance News

R&Q Insurance confirms retirement of co-founder

Chair thanks former chief executive for “everything he has contributed”

Insurance News

By
Terry Gangcuangco

R&Q Insurance Holdings co-founder Alan Quilter, who was chief executive until early 2023 before serving as group head of program management, has left his post as planned.

In a London Stock Exchange filing, the non-life global specialty insurance company said: “R&Q confirms Alan has retired and stood down from the board on December 31, 2023. As also previously announced, Alan will stay on in an advisory capacity for a period of time.”

Quilter took charge of program management last year when Jeffrey Hayman became non-executive chair while William Spiegel assumed the group CEO position. The ex-chief executive’s planned retirement at the end of 2023 was made public then.

“On behalf of the board, and everyone at R&Q, I want to thank Alan for everything he has contributed,” Hayman said in this week’s release. “It is over 30 years since Alan co-founded R&Q, and he has been instrumental in the group’s history.

“During his tenure at R&Q, Alan has held a range of roles, including CFO and CEO. More recently, he has been central in the successful growth of Accredited as it developed into a leading global program manager.

“I also know that many past and present employees have benefited from Alan’s mentorship and collaborative leadership style. We wish him the very best in his well-deserved retirement.”

Last October, R&Q announced the sale of Accredited to private equity platform Onex Partners.

What do you think about this story? Share your thoughts in the comments below.