R&Q brings new compliance and regulatory chief to support growth strategy
Randall & Quilter Investment Holdings (R&Q), the non-life global specialty insurance company focusing on programme management and legacy insurance businesses, has hired a lead professional insurance regulator in the US as it looks to grow into a “more efficient, fee oriented and data-driven company”.
Peter Hartt (pictured) joins R&Q as US head of compliance and regulatory affairs.
He will be responsible for managing R&Q’s regulatory infrastructure, including its interactions with insurance regulators and supervisory authorities in the US. He will report to Angele Galea St John, group head of governance.
Hartt brings more than two decades of experience in insurance regulation, having worked as a lead professional regulator within the US life, health, property-casualty, and captive insurance markets. He joins from the New Jersey Department of Banking and Insurance where he served for seven years as the director of insurance, nine years as assistant director of insurance and several years in a variety of other roles including fraud deterrence. He previously initiated and directed the implementation of the first-ever framework by a state for global group-wide supervision and financial examination of an international insurance group, including all material legal entities worldwide.
Hartt has been an active member of the National Association of Insurance Commissioners (NAIC), the International Association of Insurance Supervisors (IAIS), and NAIC representative to the federal Financial Stability Oversight Council (FSOC).
William Spiegel, executive chairman of R&Q, said: “I am that delighted that Peter has joined our team. His expertise will further support our regulatory and compliance frameworks as we continue to drive towards our ambitious five-year vision to grow into a more efficient, fee oriented and data-driven company focused on our core strengths of insurance origination, underwriting and claims management. I look forward to working with him to proactively prepare R&Q for the evolving regulatory landscape.”
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