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".
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Willis Re poaches Aspen Insurance exec to boost speciality unit
Markel exits Brazil insurance market following MBO
Assured Guaranty acquires BlueMountain Capital
Enstar to cover some of Zurich North America’s asbestos liabilities
Europeans spending more on insurance: Insurance Europe
Sedgwick reshuffles UK and EMEA leadership following integration
Everest Insurance hires exec from Aslan Risk Advisors
Clyde & Co names new chief executive
RSA Luxembourg permanently appoints Rachel Conran as chief executive
Feature: 10 ways insurers are using insurtech to drive new business
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze