Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
R&Q to raise $65mn as Randall relinquishes CEO role
- 5 October 2017
R&Q said it would raise up to £49.3mn ($65.4mn) from the sale of new shares as it announced that Ken Randall would step down as CEO to become executive chairman.
Randall's role change will be effective from next summer, when CFO Tom Booth will become CEO and chief operating officer Alan Quilter will become deputy chairman. R&Q said it would appoint replacements for both men's current positions.
The board changes were announced alongside the news that R&Q had conditionally raised...
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