Randall and Quilter Investment Holdings (R&Q) has appointed Andrew Pinkes as global CEO of its legacy insurance business, effective 1 October.
In his new role at the non-life global speciality insurance firm, Pinkes will have the legacy insurance mergers and acquisitions (M&A) and operations team reporting to him.
In turn, he will report to executive chairman William Spiegel.
Most recently, Pinkes held the position of interim CEO and independent board director at CLARA Analytics.
Pinkes has also previously served as executive vice president for worldwide property and casualty (P&C) claims and run-off at CNA Insurance, as well as global head of claims at XL Group and head of claims and P&C run-off at The Hartford.
The appointment follows R&Q’s launch of Gibson Re earlier this month, a collateralised legacy insurance sidecar with around $300 million in capital.
Spiegel comments: “In addition to proven expertise in managing legacy insurance books, Andrew Pinkes also brings strong experience using data and analytics to improve the management of claims, which is an important pillar of our strategy for R&Q.”
Pinkes adds: “I have long admired R&Q and its position as a leader in the legacy insurance space. With the recent launch of Gibson Re, its offering is more relevant than ever. I am excited by R&Q’s ambitions to capitalise on significant opportunities in the market and look forward to working with William and the team to help deliver on them for both R&Q and its investors.”
