Reinsurance News
777 Partners
AM Best says credit ratings of Sutton companies unchanged
17th June 2022
AM Best has said the credit ratings of Sutton Specialty Insurance and Sutton National Insurance Company are to remain unchanged following the announcement that Vida Capital would sell shares of R&Q. According to AM Best, the shares were pledged as collateral by Brickell PC to a loan supplied by Vida Capital ... Read the full article
What’s going on with 777 Partners’ R&Q Holdings shares?
10th June 2022
In the wake of a failed attempt to acquire Randall & Quilter Investment Holdings Ltd (R&Q), it turns out a significant proportion of shares in R&Q owned by would-be acquirer 777 Partners were held as collateral to a loan by another party. On April 1st, perhaps a prescient date, it ... Read the full article
R&Q says 777 Partners backed Brickell pulling out of acquisition
25th May 2022
Randall & Quilter Investment Holdings Ltd (R&Q) has said this morning that Brickell PC Insurance Holdings LLC, which is backed by 777 Partners, has said it aims to terminate the acquisition agreement the pair were trying to implement. The deal, which was announced at the start of April, valued Randall ... Read the full article
New Bermuda reinsurer 777 Re completes first reinsurance transaction
2nd August 2019
Newly established Bermuda-based reinsurer, 777 Re Ltd., has completed a $307 million annuity block reinsurance transaction with a U.S. insurer. 777 Re is headquartered in Hamilton, Bermuda and was founded with capital led by Miami-based investment firm, 777 Partners. The reinsurer acquires both active and run-off blocks of life insurance and ... Read the full article
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