R&Q Insurance Holdings appoints Jerome Lande of Scopia Capital Management as Non-Executive Director, bringing a significant addition to its leadership.
The decision to appoint Lande stems from the Purchase and Exchange Agreement made between R&Q and Scopia Capital Management.
The appointment is subject to the successful completion of due diligence checks, which are standard procedures for the appointment of directors in an AIM-listed company.
Provided that Lande’s appointment takes place before the scheduled Annual General Meeting on 28 July 2023, he will be up for re-election during the meeting.
Earlier this month, R&Q announced it is raising up to $60 million in new equity through a preferred arrangement with one of its shareholders, Scopia Capital Management.
The firm also announced the completion of an internal separation of its Program Management business, Accredited, and its Legacy Insurance business.
