Ken Randall will no longer serve as group chief executive at Randall & Quilter (R&Q).
“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,” stated the R&Q boss when it was announced this morning that he is leaving his current post.
The non-life legacy insurance investor and capacity provider, however, revealed that Randall is taking on the role of group executive chairman while the newly created positions of joint CEOs will be filled by familiar faces.
R&Q co-founder and group chief financial officer Alan Quilter as well as Dr Roger Sellek – who most recently was chief executive of the EMEA (Europe, the Middle East, and Africa) and Asia-Pacific regions at AM Best – have been tapped to take the helm.
“Alan founded the business with me nearly 30 years ago and has played a key part in the growth of the business,” noted Randall, whose enterprise came to life in 1991. “He will retain oversight of the group’s financial and investment management activities.
“Roger has been known to the group for many years and I am delighted to welcome him back to R&Q after an absence of more than 25 years. Subject to confirmation of necessary work and residence permits, Roger will initially be based in Bermuda, where the group is domiciled.”
Sellek was previously based in London before he relocated to Singapore in 2015. The Corporation of Lloyd’s alumnus started his insurance career in 1993 via a predecessor company of R&Q.
