R&Q Insurance Holdings Ltd has appointed Robert Legget as Senior Independent Director.
He will join the Board as of 26 August, 2022.
Alastair Campbell, current Senior Independent Director, will remain an Independent Director. He will retire as previously planned on 31 January, 2023, after serving nine years on the Board.
Moreover, Legget ‘s appointment forms part of R&Q’s ongoing plans to enhance its Board composition. The Board plans to introduce an Independent Non-Executive Chairman as soon as possible with the appointment of further Independent Directors set to come in due course.
Additionally, Legget is Chairman of Progressive Value Management – a firm that focuses on the creation of shareholder value, which he co-founded in 2000.
Prior to this, he served as a Director, Corporate Finance, with Quayle Munro (now part of Houlihan Lokey), the Edinburgh-based merchant bank. Over the course of his career he has also held a number of senior finance and accounting roles.
Spiegel, commented: “Robert’s appointment will improve the mix of opinion, expertise and perspective available to the Board. In particular, his corporate governance experience and background in capital markets and advising investors will be of significant value.
“I would also like to thank Alastair whose wisdom and insight has been invaluable to me and the Board. His considered and collaborative approach has been critical in helping guide the Board over many years, and I am pleased he will continue to make an important contribution until his well-earned retirement in January.”
Legget, added: “I look forward to working closely with William and his fellow Board members to help support the delivery of the current strategy and enable R&Q to achieve its potential.”
Meanwhile, R&Q recently reported its results for the first half of 2022, which included an 82% increase in gross written premiums.
