R&Q appoints KPMG exec chief restructuring officer
Randall & Quilter Investments Holdings, the non-life legacy insurance investor and capacity provider of US and European programme business, has hired Mike Walker, a former partner and the global head of insurance restructuring at KPMG.
Walker will be responsible for optimising the structures of R&Q's acquired discontinued business assets. The new position comes at a time when R&Q is executing a strategy of acquiring larger legacy re/insurance portfolios where there are opportunities for releasing excess capital.
Walker joins R&Q from KPMG where he was a Partner for over 15 years and occupied a number of senior roles. He has been involved in some of the largest insurance restructurings in the UK. He has also been involved in a number of business transfers and has been responsible for the restructuring - through the scheme of arrangement process - of over 150 companies and run off portfolios.
Ken Randall, R&Q’s executive chairman, said: "We are delighted that Mike is joining R&Q's senior management team. The recent completion of our Global Re transaction - the largest acquisition in R&Q's history - demonstrates that we are enjoying success in delivering on our strategy of acquiring larger legacy portfolios. As a consequence, Mike's restructuring experience will be of great value to the firm in optimising the structures of our acquisition portfolio."
Walker added: "I have known R&Q since its formation in 1991 and have great admiration for Ken Randall, Alan Quilter and their colleagues.
"After 30+ years at KPMG, I am delighted to be joining R&Q and am looking forward to managing the firm's acquired discontinued business assets".
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