R&Q brings senior director to ‘improve mix of opinion’ amid row

Global specialty insurance company  R&Q Insurance Holdings has appointed a senior independent director as part of its plans to enhance its board composition and “improve the mix of opinion” on the board.

Robert Legget will join Randall & Quilter's board on August 26. He is co-founder and chairman of Progressive Value Management (PVML), a firm that focuses on the creation of shareholder value. Prior to that, he was a director, corporate finance, with Quayle Munro (now part of Houlihan Lokey), an Edinburgh-based merchant bank. During his career he has also held a number of senior finance and accounting roles.

Alastair Campbell, current senior independent director, will remain until his planned retirement at the end of January 2023, after nine years on the board.

R&Q board plans to introduce an independent non-executive chairman as soon as possible with the appointment of further independent directors in due course.

William Spiegel, chief executive officer of R&Q, said: “Robert's appointment will improve the mix of opinion, expertise and perspective available to the Board. In particular, his corporate governance experience and background in capital markets and advising investors will be of significant value.

“I would also like to thank Alastair whose wisdom and insight has been invaluable to me and the Board. His considered and collaborative approach has been critical in helping guide the Board over many years, and I am pleased he will continue to make an important contribution until his well-earned retirement in January.”

Legget commented: “I look forward to working closely with William and his fellow Board members to help support the delivery of the current strategy and enable R&Q to achieve its potential.”

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