Paul Corver, group head of legacy M&A at R&Q Insurance Holdings, will retire later this year, according to an internal memo seen by Captive Intelligence.
Going forward, R&Q will have co-heads of its global legacy M&A team, with Huw Battrick and Parri Spector, reporting directly to global CEO Andy Pinkes.
Corver joined R&Q in 2008. He and R&Q have been leaders in the captive legacy space, concluding high profile captive acquisitions and portfolio transfers with captives owned by companies including AstraZeneca, Lufthansa, General Electric and Unilever.
The memo highlighted the important role Corver has played in the development of R&Q’s legacy business since joining and “during his career has established himself as a leading practitioner in the market”.
Spector will continue to work with Ben Masel and the corporate development organisation regarding Gibson Re and other legacy initiatives.
Battrick will have leadership responsibilities for the UK and Europe team, and Spector for the North America, Bermuda and Caribbean team.
“I am personally grateful to Paul for his partnership and support and look forward to working with him and the team as we transition to our new operating model,” Pinkes said in the memo.
“Please join me as we thank Paul for his many contributions to R&Q and congratulate Parri, Huw, and Chris on their new responsibilities.”
The memo did not specify an exact departure date, but said Corver would work with the leadership and new co-heads to ensure a smooth transition.