Created: Apr 19, 2024 06:15 PM
Lawrence Hirsh, non-executive director, R&Q Insurance coverage Holdings Ltd (File {photograph})
Bermudian-based R&Q Insurance coverage Holdings Ltd has appointed Stephen Welch and Lawrence Hirsh to its board as non-executive administrators.
The corporate stated Mr Welch has labored for monetary sponsors and buyers in each government and non-executive roles. He has in depth expertise managing complicated company points, together with a number of restructuring conditions of regulated monetary providers and insurance coverage companies.
Mr Welch can be a non-executive director of Telegraph Media Group Ltd, The Spectator (1828) Ltd and the Main Group Ltd.
He was a companion at McGrathNicol and a senior managing director at FTI Consulting, and is a chartered accountant.
R&Q stated Mr Hirsh has acted as an unbiased board member and adviser to various corporations, offering monetary and operational providers.
He was beforehand a managing director for Alvarez & Marsal, main its Southeastern US Company Restructuring Apply, and a companion at Arthur Andersen LLP.
As each an adviser and through his profession, the corporate stated, Mr Hirsh has a monitor report of serving to drive operational enhancements and price discount programmes.
Jeff Hayman, chairman of R&Q, stated: “Stephen and Lawrence each convey related further expertise to the board, particularly almost about our priorities of decreasing debt and enhancing the effectivity and expense base of the go-forward enterprise.
“As we proceed to work in the direction of finishing the sale of Accredited, these appointments additionally assist our ongoing discussions with lenders to realize their obligatory approvals.”
Jeff Hayman, chairman of R&Q (File {photograph})