R&Q Insurance Holdings Ltd. announced the appointments to the Board of Stephen Welch and Lawrence Hirsh as Non-Executive Directors, effective from 18 April 2024. Stephen Welchhas worked for financial sponsors and investors in both executive and non-executive roles. He has extensive experience managing complex corporate issues, including several restructuring situations of regulated financial services and insurance businesses.

Stephen is also a Non-Executive Director of Telegraph Media Group Limited, The Spectator (1828) Limited and the Primary Group Limited. Stephen was a partner at McGrathNicol and a Senior Managing Director at FTI Consulting, and is a Chartered Accountant. Lawrence Hirshhas acted as an independent board member and advisor to a number of companies, providing financial and operational services.

Lawrence was previously a Managing Director for Alvarez & Marsal, leading its Southeastern US Corporate Restructuring Practice, and a Partner at Arthur Andersen LLP. As both an advisor and during his career, Lawrence has a track-record of helping drive operational improvements and cost reduction programs. Lawrence Randall Hirsh, aged 61, holds no ordinary shares or options in the Company. Lawrence Hirsh's current and previous directorships are as follows: Current Partnerships /Directorships: Acousti Engineering Company Of Florida, Air Pros Solutions, LLC, Angel Oak Mortgage Income Opportunity Fund LLC, Angel Oak Real Estate Investment Trust I, Angel Oak Real Estate Investment Trust II, Angel Oak Real Estate Investment Trust II LP, Angel Oak Real Estate Investment Trust III, CSI Financial Services, LLC, Hylan Novellus, LLC, Marx Okubo Associates, Inc, Pluto Parent, LLC, Premier Kings Of Alabama, LLC, Premier Kings Inc., PRGX Global Inc., Redlobster management, LLC, Tom Barrow Company, INC, Verano Holdings Corporation, Virtex Investment Holdings, LLC.

Previous Partnerships /Directorships (last 5 years): Alvarez & Marsal North America, LLC, American Physician Partners, LLC, Angel Oak Bridge Lending Fund, Central Security Group, INC, Georgia Renewable Power, LLC, Sierra Hamilton Holdings Corporation, Sierra Hamilton LLC, Vondrehle Corporation. In his role as a restructuring advisor at Alverez and Marshall, Lawrence Hirsh was on the board of the following companies at the time of the following insolvency processes: American Physician Partners - Chapter 11 in 2023, Vondrehle Corporation - Receiver appointed in 2023, Product quest manufacturing - Chapter 11 2018. Stephen Hamilton Welch, aged 50, holds no ordinary shares or options in the Company.

Stephen Welch's current and previous directorships are as follows: Current Partnerships /Directorships: B.UK. Limited, Best Doctors Insurance Limited, Cadmus Media Group Holdings Limited (formerly known as Telegraph Media Group Holdings Limited), Ellerman Investments Limited (formerly known as Barclays Hotels Group Limited), Globoforce Group plc (subject to legal proceedings), May Corporation Limited, Press Acquisitions Limited (formerly known as 2252nd Single Member Shelf Investment Company Limited), Press Holdings Limited, Primary Group Ltd, Rodimus Holdings Ltd, Rodimus Infrastructure Ltd, Rodimus Operations Limited (formerly known as Hamilton Welch Limited), Rodimus Securities Ltd, Telegraph Media Group Holdings Limited (formerly known as Hackremco (No.2679) Limited), Telegraph Media Group Limited (formerly known as Telegraph Group Limited), The Chelsea Magazine Company Limited, The Spectator (1828) Limited (formerly known as The Spectator (1975) Limited), Previous Partnerships /Directorships (last 5 years): ABS Limited, Alter Domus Management Company SA, Alter Domus SARL, Essar Oil (UK) Limited, The Raynar Investment Trust PLC. In his role as a restructuring advisor, Stephen Welch was on the board of the following companies at the time of their insolvency processes: ABS Limited - solvent scheme of arrangement, Bakeholdco 1, 2, 3 & 4 - creditors voluntary winding up in 2015.

In addition, following the sale of the UK broking operations, Stephen Welch acted as a director and senior creditor petitioning the wind-up of R P Martin Group and associated group companies: MBG Europe Limited, WOWS 1 Limited, WOWS 8 Limited and R P Martin AG, which was a nil assets dormant subsidiary.