Ken Randall will step down as group CEO of Randall & Quilter Investment Holdings (RQIH), but will continue to serve as executive chairman of the group.
Roger Sellek will take over as joint CEO, based in Bermuda, alongside Alan Quilter, who jointly founded the business with Ken Randall in 1991. Quilter currently serves as group CFO and will retain that position in addition to his new role.
Sellek, who has also been elected to the board of directors, joins from AM Best where he spent 12 years, most recently as CEO with responsibility for the group’s worldwide activities ex-Americas, based in Singapore.
RQIH is a non-life legacy insurance investor and capacity provider of US and European MGA program business.
Following Sellek’s appointment, the board will comprise four executive directors: Ken Randall; Alan Quilter; Mark Langridge; and Roger Sellek. It will also include four non-executive directors: Michael Smith; Alastair Campbell; Phil Barnes; and Jo Fox.
Randall said: “Succession planning has been high on the board’s agenda and, with the continued development of R&Q’s business, it’s time to add further strength to our senior leadership team and for me to step back from day-to-day operations.”
Randall & Quilter Investment Holdings, Ken Randall, Roger Sellek, Alan Quilter,