Slaughter and May is advising R&Q Insurance Holdings Ltd on shareholder requisition notice

Slaughter and May is advising R&Q Insurance Holdings Ltd (“R&Q”) on its response to a notice from Phoenix Asset Management Partners Limited (holding 12.2% of R&Q’s share capital) to requisition a special general meeting of R&Q for the purposes of removing William Spiegel, R&Q’s executive chairman, as a director of R&Q and to appoint Ken Randall, the previous executive chairman, as his replacement.

 The board of R&Q is unanimous in its support for William Spiegel and his strategy, and recommends that shareholders vote against these proposals.