R&Q co-founder retires after more than 30 years
Alan Quilter, one of the founders of Bermuda-based R&Q Insurance Holdings and one of the driving forces behind the company’s growth in programme management, has retired.
Qulter, 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 in the process of selling Accredited to Onyx, a private equity investment company based in Toronto, 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.
