R&Q raises $50mn of new equity to bolster legacy business
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R&Q raises $50mn of new equity to bolster legacy business

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R&Q has raised $50mn of new capital as it obtains approval for an internal reorganisation, taking a major step in separating its legacy business from its MGA fronting business Accredited.

R&Q said it would use the investment to bolster the capitalisation of R&Q Legacy, which provides reinsurance support for completed legacy transactions originated by Accredited.

The

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