R&Q
-
The executive said a capital-light structure would enable continued investment in underwriting, origination and servicing. -
Gibson Re will be domiciled in Bermuda and reinsure 80% of R&Q’s new qualifying legacy transactions.
-
The transaction is the first time the Oklahoma process has been used between unrelated entities.
-
The carrier has major growth ambitions in program management and aims to hit GWP of $1.5bn by 2023.
-
The loss portfolio transfer gave an exit solution to investors in the ILS-backed legacy fund.
-
The new executive chairman says R&Q has an “institutional head start” against private equity-controlled competition.
-
The R&Q co-founder retires 30 years after establishing the company, which has experienced explosive growth in recent years.
-
The legacy specialist is balancing its portfolio with select MGA investments.
-
The company added 18 programs to its roster, taking the total of active programs to 48.
-
Syndicate 5678 went into run-off in December 2019, and carried net liabilities of £251.1mn as of 30 June.
-
The rating for the new venture comes as the parent raises $108mn for expansion through a notes issue.
-
The landmark transaction with Sentry requires court clearance after gaining the state insurance commissioner’s nod.
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 -
Daily Digest: Top news from 1 August
01 August 2025