Randall & Quilter Investment Holdings Ltd. (R&Q), the non-life legacy insurance investor and capacity provider of US and European program business, has appointed Mike Walker to the newly-created position of Chief Restructuring Officer.
Walker arrives from KPMG, where he served as a Partner for more than 15 years and occupied a number of senior roles, most recently as Global Head of Insurance Restructuring.
In his new role, effective from October 7th, Walker will be responsible for optimising the structures of R&Q’s acquired discontinued business assets.
“We are delighted that Mike is joining R&Q’s senior management team,” said R&Q Executive Chairman Ken Randall.
“The recent completion of our Global Re transaction – the largest acquisition in R&Q’s history – demonstrates that we are enjoying success in delivering on our strategy of acquiring larger legacy portfolios,” he continued.
“As a consequence, Mike’s restructuring experience will be of great value to the firm in optimising the structures of our acquisition portfolio.”
While at KPMG, Walker was involved in some of the largest insurance restructuring in the UK and internationally.
He also worked extensively on providing advice to companies with discontinued insurance business, dealing with all aspects of operations, including transition to run-off, strategic reviews, and assessing finality options.
Furthermore, he has been involved in a number of business transfers and has been responsible for the restructuring – through the scheme of arrangement process – of over 150 companies and run off portfolios.
“I have known R&Q since its formation in 1991 and have great admiration for Ken Randall, Alan Quilter and their colleagues,” Walker commented.
“After 30+ years at KPMG, I am delighted to be joining R&Q and am looking forward to managing the firm’s acquired discontinued business assets,” he added.
