R&Q shares down 45% after flagging ‘significant’ loss for 2023
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R&Q shares down 45% after flagging ‘significant’ loss for 2023

R&Q Legacy will book adverse development of ~23% of net reserves for the year.

By Rachel Dalton
April 12, 2024
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R&Q Insurance Holdings handshake map.jpg

R&Q has warned it will record a “significant” pre-tax loss for 2023 due to adverse development in its legacy business of around 23% of net reserves, as well as costs related to its forthcoming sale of Accredited.

The

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