R&Q co-founder retires after 30+ years of leadership
R&Q Insurance Holdings’ co-founder and a key driver of the company’s expansion in programme management, has retired. R&Q is in the process of selling Accredited to Onyx for $465 million in a bid to focus on its legacy re/insurance business.
Alan Quilter, a former CEO and CFO of the company and most recently group head of programme management, retired from the company and the board of directors on December 31. He will remain as an advisor for a period of time.
Jeff Hayman, R&Q chairman, said: "On behalf of the board, and everyone at R&Q, I want to thank Alan for everything he has contributed.
“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 programme 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."
R&Q is selling Accredited to private equity investment company Onyx for $465 million. R&Q intends to then focus on its legacy re/insurance business.
However, the transaction has not yet been completed pending a review by the Bermuda Monetary Authority. R&Q has also been told to pause an external legacy transactions including a loss portfolio transfer announced in October.
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