Randall & Quilter Funding Holdings Ltd., the worldwide non-life specialty insurer with a deal with this system administration and legacy insurance coverage enterprise, has introduced that its Board of Administrators has appointed Thomas Solomon as Group Chief Monetary Officer (CFO).
Solomon will probably be primarily based within the agency’s New York workplace and can report back to William Spiegel, Group Deputy Government Chairman. As well as, Solomon will even be appointed to the corporate’s Board of Administrators later within the yr.
He joins R&Q from his present function at Bank of America as Managing Director and Head of Americas Insurance coverage Funding Banking. Beforehand, he has held senior roles at Citigroup and PricewaterhouseCoopers, LLP.
Commenting on Solomon’s appointment, Spiegel stated: “I have known and worked with Tom for many years and I have always admired his dedication, hard work and professionalism. Tom’s skillset includes a deep understanding of the insurance sector, a strong numerical background and expertise in the capital markets and M&A. These attributes will prove invaluable in his new role as CFO. In addition, we look forward to Tom managing the essential functions associated with group finance, including cash and capital management, solvency, reserving, actuarial and rating agency matters.”
Alan Quilter, Group Chief Government Officer (CEO) and Interim CFO, stated: “Tom joins us at an exciting time in our growth. His experience will be critical as we seek to capitalise on the current “hard” market in each our Program Administration and Legacy companies, significantly following our latest $100 million fairness elevate. Ken, William and I sit up for partnering with Tom.”
Ken Randall, Group Government Chairman, added: “We are delighted to announce the appointment of Tom as our CFO. His experience and skillset make him an excellent fit and it follows the appointment of William Spiegel as Group Deputy Executive Chairman, continuing R&Q’s careful succession planning. I am pleased with the strength of our management team as we look to capitalise on the opportunities ahead of us. Importantly, Tom’s appointment will enable Alan Quilter, currently acting as interim CFO, to focus on his responsibilities as CEO.”
On his new function, Solomon stated: “I am excited to join R&Q. It is a company I have known and respected for many years and am pleased to be joining at this unique time when both of its insurance business lines are poised for significant secular growth. I look forward to working with William, Ken and Alan and the rest of the R&Q team to capitalise on the vast opportunities ahead.”