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R&Q Insurance Holdings Ltd announced on 30 June 2023 that Scopia Capital Management nominated Jerome Lande as their representative for appointment to the R&Q Board, in accordance with a Purchase and Exchange Agreement. The R&Q Board intends to appoint Mr. Lande as a Non-Executive Director, subject to satisfactory completion of due diligence, and if appointed prior to the Annual General Meeting on 28 July 2023, he will stand for re-election.
| Date | 30 Jun 2023 |
| Time | 10:08:47 |
| Category | Board changes |
| ID | 5538E |
R&Q Insurance Holdings Limited
Appointment of Non-Executive Director
30 June 2023
R&Q Insurance Holdings Ltd (AIM: RQIH) ("R&Q" or the "Group"), the leading non-life global specialty insurance company focusing on the Program Management ("Accredited") and Legacy Insurance ("R&Q Legacy") businesses, is pleased to announce that, in accordance with the Purchase and Exchange Agreement entered into with Scopia Capital Management, Scopia has nominated Jerome Lande as their representative to be appointed to the R&Q Board. The Board intends to appoint Jerome as a Non-Executive Director, subject to the satisfactory completion of due diligence checks typical for the appointment of a director of an AIM company. Assuming Jerome is appointed prior to the Annual General Meeting to be held on 28 July 2023, Jerome will stand for re-election at the Annual General Meeting.
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Notes to Editors:
About R&Q
R&Q is a global non-life specialty insurance company. We operate two core businesses: Program Management and Legacy Insurance. Both these businesses are leaders in their respective markets.
Our approach is to deploy our origination and underwriting capabilities, alongside our licensed and rated carriers in the US, EU, and the UK, to generate attractive fee returns in Program Management and Legacy Insurance.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com