The seizure of MSC Aries by Iran’s Revolutionary Guard at the weekend is the latest in a series of headwi...
BMA engages PwC to scrutinise R&Q as tricky balancing act continues
PwC is acting for the Bermuda Monetary Authority to assess the adequacy of R&Q’s legacy reserves as the regulator scrutinises the details...
PwC is acting for the Bermuda Monetary Authority to assess the adequacy of R&Q’s legacy reserves as the regulator scrutinises the details...
Article / 2 months ago
Darag continues North American deal push with two captive transactions
Legacy acquirer Darag Group has completed two undisclosed captive legacy transactions based in Bermuda and the Cayman Islands respectively....
Legacy acquirer Darag Group has completed two undisclosed captive legacy transactions based in Bermuda and the Cayman Islands respectively....
Article / 2 months ago
Wakam places Polo-managed SIAB 1347 into run-off
French digital insurer Wakam has placed its Syndicate 1347 into run-off less than one year into trading....
French digital insurer Wakam has placed its Syndicate 1347 into run-off less than one year into trading....
Article / 3 months ago
R&Q co-founder Alan Quilter retires
The “Q” of London-listed legacy acquisition firm R&Q has retired from the group more than 30 years after he co-founded the business with Ken Randall....
The “Q” of London-listed legacy acquisition firm R&Q has retired from the group more than 30 years after he co-founded the business with Ken Randall....
Article / 4 months ago
R&Q received four bids for Accredited as both legacy and program heads exit
Legacy and program firm R&Q received four bids during the sale process for its fronting arm Accredited, three of which required R&Q's CEO William...
Legacy and program firm R&Q received four bids during the sale process for its fronting arm Accredited, three of which required R&Q's CEO William...
Article / 4 months ago
Insurer in Full: The penny finally drops for R&Q shareholders – and with it millions in lost equity
The debt-riddled, loss-making R&Q Group finally sold its program arm Accredited late on Friday to Canadian private equity firm Onex Partners...
The debt-riddled, loss-making R&Q Group finally sold its program arm Accredited late on Friday to Canadian private equity firm Onex Partners...
Article / 6 months ago
R&Q falls to $58mn H1 loss after $40mn legacy reserves charge
London-listed R&Q has posted a heavy $58mn pre-tax operating loss for H1 2023 following adverse movements in its legacy back book, but said its up-for-sale fronting arm Accredited...
London-listed R&Q has posted a heavy $58mn pre-tax operating loss for H1 2023 following adverse movements in its legacy back book, but said its up-for-sale fronting arm Accredited...
Article / 7 months ago
In a tough transactional environment, where are the green shoots? Looking forward
Looking ahead to the rest of 2023 and into 2024, economic forecasts suggest the continuation of significant challenges to dealmaking in the (re)insurance...
Looking ahead to the rest of 2023 and into 2024, economic forecasts suggest the continuation of significant challenges to dealmaking in the (re)insurance...
Article / 9 months ago
In a tough transactional environment, where are the green shoots? Looking back
Macroeconomic factors continue to present challenging conditions for the (re)insurance industry and dealmaking in the sector, write...
Macroeconomic factors continue to present challenging conditions for the (re)insurance industry and dealmaking in the sector, write...
Article / 9 months ago
Hallmark takes $36.9mn total aggregate write-off from Darag arbitration award
Hallmark Financial Services has received the final determination in an arbitration proceeding relating to a loss portfolio transfer reinsurance...
Hallmark Financial Services has received the final determination in an arbitration proceeding relating to a loss portfolio transfer reinsurance...
Article / 11 months ago