R&Q

AM Best affirms R&Q credit ratings after successful fundraise

The ratings were removed from under review with negative implications after the legacy and programme specialist successfully executed a capital raise.

Kyoung-son Song, 20 July 2022
SiriusPoint and R&Q Accredited expand partnership with MGA Corvus

The two carriers have injected a further $100mn into the underwriting project.

Rachel Dalton, 20 July 2022
R&Q brings in name-change at AGM

The business will now be known as R&Q Insurance Holdings.

Rachel Dalton, 19 July 2022
R&Q investors reject special resolutions on equity raising at AGM

The legacy and programme specialist has also changed its name to R&Q Insurance Holdings.

Aisling Finn, 14 July 2022
R&Q completes fundraise as total notches up to $130mn

The legacy specialist started the fundraise in the wake of a collapsed takeover by Brickell.

Samuel Casey, 11 July 2022
Vida takes 9.9% stake in R&Q

The longevity specialist had sought to sell on R&Q shares pledged to it as collateral.

Martha Muir, 01 July 2022
R&Q places $125mn of shares 40% below Brickell offer price

The price is a 14% premium on yesterday’s close but substantially below the price that Brickell offered to take the firm private.

Samuel Casey, 14 June 2022
R&Q increases placing to $125mn after 'significant demand' from existing investors

The settlement is a “contribution towards costs” from R&Q to Brickell but not an “admission of liability by either party”.

Aisling Finn, 14 June 2022
Vida to sell off ~£33mn R&Q shares after Brickell deal cancellation

The investment management firm holds a 12.4% stake in the company.

Rachel Dalton, 13 June 2022
R&Q books 2021 operating loss of $21mn

The company also gave further details on its planned $100mn fundraise.

Rachel Dalton, 13 June 2022
R&Q program-management GWP jumps 92% to $370mn

The legacy carrier’s program fee income was $18mn, a 125% year-on-year increase.

Luke Harrison, 30 May 2022
AM Best puts negative outlook on R&Q ratings, as major 2021 loss expected

The review follows the move by Brickell to terminate its acquisition plans, as AM Best noted an expected 2021 loss for R&Q of $135mn-$145mn.

Luke Harrison, 27 May 2022