Nick Frost, currently president of R&Q Quest Management Services Bermuda, has been appointed president of R&Q Captive Management Division.
Frost will be responsible for the overall strategy and development of the division.
He currently heads the account executive team and acts as a board member on over 40 client companies.
Frost will continue to hold his position as president of R&Q’s captive management operations in Bermuda alongside his new role.
Alan Quilter, deputy group CEO, commented: “We are delighted that [Frost] has agreed to take on this position. His successful track record in Bermuda allied to his extensive expertise and experience makes him ideally suited for this new role.”
“I look forward to working closely with [Frost] in taking R&Q’s captive management division forward and maintaining our high standards as ones of the world’s leading captive managers.”
R&Q operates five captive management companies in Bermuda, the US, Norway, Gibraltar and the Isle of Man with over 100 captives under management.