AM Best puts negative outlook on R&Q ratings, as major 2021 loss expected
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AM Best puts negative outlook on R&Q ratings, as major 2021 loss expected

Luke Harrison
27 May 2022
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DONT USE OLD DONT USE

AM Best has revised its outlook on various Randall & Quilter (R&Q) entities to negative from developing, following the U-turn from the legacy firm’s largest shareholder Brickell on plans to take the company private in a £482mn ($632mn) deal.

The proposed acquisition would have seen Brickell inject $100mn into R&Q, mitigating the impact of what AM Best said was an expected annual loss for 2021 of between $135mn to $145mn.

It

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Topics

News M&A R&Q
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Luke Harrison
Reporter
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