Reinsurance News
R&Q
Randall & Quilter fundraise rises to $129.5m
12th July 2022
Randall & Quilter Investment Holdings Ltd. (R&Q) has confirmed the completion of its non-pre-emptive placing, direct subscription, and management subscription fundraise with total gross proceeds of $129.5m. R&Q initially predicted that its fundraise would result in gross proceeds of $125m, but a higher amount was achieved as they were able ... Read the full article
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
R&Q settles with Brickell while increasing fundraise to $125m
14th June 2022
R&Q has decided to upsize its Fundraise, increasing the gross proceeds of the Placing to approximately $125m. In a statement, the Board said it intended to use the additional net proceeds from the Fundraise to further de-lever the business. R&Q also said that it has decided to extend the period of the ... Read the full article
R&Q takes $21m operating loss for 2021
13th June 2022
Randall & Quilter Investment Holdings Ltd (R&Q) has reported a loss before tax of $162.0 million for 2021, including a pre-tax operating loss of $21.0 million. The non-life global specialty insurance company recorded an operating profit of $20.6 million in its program management business, but this was offset by an operating ... 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 shareholders reject acquisition, capital raise to proceed
26th May 2022
Shareholders of Randall & Quilter Investment Holdings Ltd (R&Q) have again rejected an acquisition of the company by Brickell PC Insurance Holdings LLC, which is backed by 777 Partners, but have instead approved plans to focus on a $100m+ capital raise. R&Q failed to gain shareholder approval for the acquisition ... 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
R&Q fails to get sufficient shareholder votes for acquisition at first attempt
20th May 2022
Shareholder voting on the proposed takeover of Randall & Quilter Investment Holdings Ltd (R&Q), the non-life global specialty insurance company focused on program management and legacy transactions, in a deal backed by investment group 777 Partners, has been adjourned as the company seeks to gain additional support for the deal. Today, ... Read the full article
R&Q ratings under review after takeover announcement
5th April 2022
AM Best has placed the ratings of R&Q and its subsidiaries under review with developing implications, following last week’s announcement that the company will be acquired by one of its major shareholders, in an deal backed by investment group 777 Partners. The developing implications reflect uncertainties surrounding R&Q’s prospective risk-adjusted ... Read the full article
R&Q to be acquired by 777 Partners backed Brickell PC Insurance
1st April 2022
Randall & Quilter Investment Holdings Ltd (R&Q), the non-life global specialty insurance company focused on program management and legacy transactions, is set to be acquired by one of its major shareholders, in an acquisition backed by investment group 777 Partners. The acquisition will value Randall & Quilter's (R&Q's) existing issued share ... Read the full article
R&Q names US Head of Compliance and Regulatory Affairs
28th January 2022
Randall & Quilter Investment Holdings, the non-life global specialty insurance company focused on Program Management and Legacy Insurance businesses, has announced the appointment of Peter Hartt as its US Head of Compliance and Regulatory Affairs. Hartt joined the business on 10 January and reports to Angele Galea St John, Group Head ... Read the full article
Falvey partners with R&Q and Great American
19th January 2022
Falvey Cargo Underwriting has added R&Q Accredited America and Great American Insurance Group to its panel of security partners alongside its existing supporters: Lloyd's of London, Beazley, and Nationwide. In addition to onboarding these new partners, Falvey has increased its in-house claims settling authority from $350,000 to $500,000. This authority encompasses all ... Read the full article
R&Q Accredited and First Underwriting enter £1bn capacity deal
13th January 2022
Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings (R&Q) has announced that its Accredited subsidiary has signed a five-year program management agreement with First Underwriting, a fast-growing UK-based MGA. The agreement includes a targeted capacity of £1bn in gross written premium over the period and will be supported by ... Read the full article
R&Q seeks to add takeover provisions to bye-laws, sparking rumours
12th November 2021
Randall & Quilter Investment Holdings Ltd. (R&Q), the non-life legacy and run-off insurance, programme management and investments specialist, is seeking shareholder approval to amend its Bye-laws to add certain takeover provisions that it says will protect shareholders. It's particularly interesting, as it has sparked discussion among sources that R&Q has been ... Read the full article
Rokstone launches R&Q-fronted construction lead/follow program
14th October 2021
Rokstone Construction Risk Underwriters (Rokstone CRU) has today announced the launch of a $5 million Following Form Lead Excess insurance program for the US market. The Lead Excess product will sit exclusively above its Primary General Liability product and is focused on Controlled Insurance Programs for both Contractors and Owners as ... Read the full article
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