Deal remains conditional on other matters...
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 / 5 months ago
R&Q shares down 31% as Accredited sale details show further legacy losses expected
R&Q's share price tumbled 31% by lunchtime on Monday, after the firm announced its planned sale of Accredited late on Friday night....
R&Q's share price tumbled 31% by lunchtime on Monday, after the firm announced its planned sale of Accredited late on Friday night....
Article / 5 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 / 6 months ago
R&Q earns $12.1m in fees from Gibson Re legacy sidecar in 2022
Non-life legacy insurance and reinsurance as well as program management firm R&Q Insurance Holdings Ltd. has revealed earning $12.1 million in fee...
Non-life legacy insurance and reinsurance as well as program management firm R&Q Insurance Holdings Ltd. has revealed earning $12.1 million in fee...
Article / 9 months ago
Analysis: The premium gap has narrowed between Lloyd's and the London company market
The multi-year remedial work at Lloyd's, and the culled business as a result of that push, has been a central theme to the London market dynamic over the past...
The multi-year remedial work at Lloyd's, and the culled business as a result of that push, has been a central theme to the London market dynamic over the past...
Article / 1 year ago
PwC: Estimated global non-life run-off reserves rise 11% to $960bn
The global non-life run-off market continues to grow, with estimated liabilities rising 11 percent to $960bn since the beginning of 2021, according to PwC’s latest...
The global non-life run-off market continues to grow, with estimated liabilities rising 11 percent to $960bn since the beginning of 2021, according to PwC’s latest...
Article / 2 years ago
Billion-dollar legacy deals no longer a rarity with more to come: Silvester
Major growth in legacy is being driven more by larger deals than increased volumes, with further $1bn deals likely to be agreed by run-off acquirers over the next year...
Major growth in legacy is being driven more by larger deals than increased volumes, with further $1bn deals likely to be agreed by run-off acquirers over the next year...
Article / 2 years ago
Opinion: Storm clouds gather on legacy market performance
The biggest challenge with reporting on the legacy market is the lack of publicly available information to track the sector’s performance...
The biggest challenge with reporting on the legacy market is the lack of publicly available information to track the sector’s performance...
Article / 2 years ago
Darag Europe books EUR14mn loss for 2021
Legacy specialist Darag Europe has recorded a EUR14.2mn ($14.8mn) loss for 2021, compared with a EUR9mn profit the year before...
Legacy specialist Darag Europe has recorded a EUR14.2mn ($14.8mn) loss for 2021, compared with a EUR9mn profit the year before...
Article / 2 years ago
Fortitude Re’s $212mn net loss for 2021 driven by higher interest rates
Fortitude Re, the independent legacy business backed by The Carlyle Group and T&D Insurance Group...
Fortitude Re, the independent legacy business backed by The Carlyle Group and T&D Insurance Group...
Article / 2 years ago