Randall & Quilter Appoints New CFO

Legacy specialist Randall & Quilter Investment Holdings Ltd, has swooped on a big name as its group chief financial officer (CFO).

Incoming is Thomas Solomon, who will also join the firm’s board of directors later in the year. Solomon makes the switch from his role as managing director and head of Americas insurance investment banking at Bank of America. His extensive experience also includes time spent at PricewaterhouseCoopers and Citigroup.

“I have known and worked with Tom for many years and I have always admired his dedication, hard work and professionalism,” said group deputy executive chairman William Spiegel. “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.”

“Tom joins us at an exciting time in our growth”, added Alan Quilter, group chief executive officer and interim CFO. “His experience will be critical as we seek to capitalize on the current “hard” market in both our program management and legacy businesses, particularly following our recent $100 million equity raise. Ken [Randall, group executive chairman], William and I look forward to partnering with Tom.”

In his new role, Solomon will be based in the firm’s New York office and he said he was excited to get started.

“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,” he said. “I look forward to working with William, Ken and Alan and the rest of the R&Q team.”

RECENT NEWS

People Power: Building The Future Of Insurance One Career At A Time

The insurance industry is at a pivotal point. As emerging technologies reshape underwriting, claims processing, and cust... Read more

Private Equity's Great Divide: Is The Future Insurance-Funded Or Fee-Driven?

A fundamental shift is taking place at the top of the private equity industry. While firms like Blackstone remain commit... Read more

Japan's Next Battleground: The Insurance Sector Under Activist Pressure

Farallon’s push at T&D Holdings marks a shift in focus for activist capital targeting Japan’s untapped insurance... Read more

Cover And Conflict: Tensions Rise Between Insurers And Litigation Funders

Burford’s clash with Chubb signals a deeper rift in the legal-financial ecosystem A high-profile dispute between li... Read more

Underwater And Uninsured: How Climate Risk Is Reshaping The US Mortgage Market

As climate change intensifies, its effects are no longer confined to coastlines or news reports on extreme weather. In t... Read more

When The Raters Get Rated: What The Fitch–Kroll Feud Says About Oversight And Accountability

In a rare and unusually public confrontation between two of America’s credit rating agencies, a recent feud between Fi... Read more