R&Q
-
The company is targeting more than four-fold growth in program GWP and Ebitda at the unit of over $50mn by 2022/23.
-
The legacy manager and program specialist will hand shareholders one ordinary share for each 22 they own in lieu of a dividend.
-
Alan Quilter has been serving in the position on an interim basis since the resignation of Tom Booth.
-
The legacy and program specialist raises funds to capitalise on an expected market dislocation.
-
The purchase is the latest in a string of deals for R&Q, including an agreement with the UK P&I Club last month.
-
The book of occupational disease liability is highly volatile and payouts can be significant.
-
The executive resigns less than a year into the job and two days after R&Q named a PE veteran as chairman Ken Randall's successor. -
The Pine Brook founder (pictured) becomes deputy chairman immediately and will take the chairman's role in about a year's time.
-
The acquirer pays a symbolic $1mn for the loss-making Barbadian business.
-
The manager will continue part time in an executive role advising on claims and reinsurance for group legacy companies.
-
The Los Angeles-based company serves the habitational, commercial and hospitality sectors and community associations.
-
The recruit will optimise the structure of the legacy carrier’s acquired run-off assets.
Most Recent
-
Marsh sues Howden in Delaware over lift of 140+ employees
01 August 2025 -
Navigators Re Miami head Vega to retire
01 August 2025 -
Beckert to leave Fidelis Partnership in 2026
01 August 2025 -
HW Kaufman to launch MGA headed by AIG’s Kelly
01 August 2025 -
Brit grows insurance written premium 8.3% to $1.69bn over H1
01 August 2025