"It is a huge honour to be given thisopportunity and I am looking forward to applying my 30 years ofexperience to R&Q. I have built my career on growing financialservices companies in the U.S. and the U.K. with a particularemphasis on insurance and insurance services," Spiegel said in astatement. (Photo: Randall & Quilter)

The board of directors of Randall & Quilter InvestmentHoldings Ltd. (R&Q), the non-life insurance investor andcapacity provider of U.S. and European MGA program business,appointed William Spiegel executive director and deputy groupchairman.

Spiegel's appointment forms part of R&Q's management successionplan. He will assume the position of executive group chairmanwhen R&Q co-founder, Ken Randall, steps down in around 12months, after 29 years at the helm.

In response to Spiegel's appointment and to positionR&Q to manage the expected expansion of its business in theUnited States and Europe, R&Q says it expects to make a smallnumber of additional appointments, including the appointment of anew group chief financial officer. There will also be somerealignment of internal management reporting lines andresponsibilities.

"I am delighted to welcome an industry professional ofWilliam's calibre to the senior leadership team atR&Q," Randall, group executive chairman, said in a statement."I have known William and followed his career for many years and Iknow R&Q will hugely benefit from his expertise in managing andgrowing leading insurance businesses."

Prior experience

Spiegel is joining R&Q from U.S. private equity firm PineBrook, where he was managing partner and which he co-founded in2006. He was responsible for managing Pine Brook's financialservices investing activities. He was also a member of the firm'sinvestment committee and management committee.

Spiegel has 30 years of private equity experience and has been aleading financial services growth investor since 2001. Prior toco-founding Pine Brook, he was with The Cypress Group from itsinception in 1994 until 2006, leading its financial services andhealth care investing activities.

"It is a huge honour to be given this opportunity and I amlooking forward to applying my 30 years of experience to R&Q. Ihave built my career on growing financial services companies in theU.S. and the U.K. with a particular emphasis on insurance andinsurance services," Spiegel said in a statement. "Under Ken andAlan's leadership, R&Q has undergone a significanttransformation in the last few years and it has focussed on two ofthe fastest growing and most interesting areas of insurance. Itwill be my priority to continue to deliver profitable growth andbuild on R&Q's tremendous success."

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