R&Q Insurance Holdings Ltd.

RQIH

BMG7371X1065

Multiline Insurance & Brokers

Market Closed - London S.E. Other stock markets 11:35:29 2024-04-26 am EDT			5-day change	1st Jan Change
2.21 ^GBX	-11.95%		-26.33%	-78.39%

Apr. 24	Pennant trading in line; Coro requests suspension	AN
Apr. 19	R&Q Insurance Holdings Ltd Appoints Stephen Welch and Lawrence Hirsh as Non-Executive Directors	CI

R&Q Insurance in advanced talks to sell Accredited to Onex

September 22, 2023 at 06:50 am EDT

R&Q Insurance Holdings Ltd - Hamilton, Bermuda-based non-life specialty insurance - Confirms it is in "an advanced stage of discussions" with Onex Corp to sell programme management business Accredited. R&Q Insurance previously had said it was reviewing strategic options, which included the legal separation of Accredited and R&Q Legacy. Says a further announcement will be made "if and when appropriate". Onex is a Toronto-based private equity firm.

Current stock price: 55.20 pence, up 13%

12-month change: down 33%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about R&Q Insurance Holdings Ltd.

Pennant trading in line; Coro requests suspension	Apr. 24	AN
R&Q Insurance Holdings Ltd Appoints Stephen Welch and Lawrence Hirsh as Non-Executive Directors	Apr. 19	CI
February data spurs end of UK recession hopes	Apr. 12	AN
R&Q shares plummet as company warns of significant loss in 2024	Apr. 12	AN
R&Q Insurance Nears Completion of Accredited Business Sale, Sells JV Stake	Apr. 12	MT
European Commission Green-lights Onex's Purchase of R&Q's Accredited	Mar. 05	MT
R&Q Insurance expects sale of Accredited to close in second quarter	Mar. 01	AN
R&Q Insurance Flags Q2 Closing of Accredited Business Sale to Onex-advised Funds	Mar. 01	MT
R&Q Insurance Holdings Says Planned Sale of its Program Management Business Remains on Track, Despite Speculation in the Media and to Close in Second Quarter of 2024	Feb. 29	CI
R&Q Insurance Shareholders Approve $465 Million Sale of Accredited	Jan. 12	MT
R&Q Insurance Holdings Ltd Announces Alan Quilter, Group Head of Program Management, to Retire as Board of Directors	Jan. 02	CI
R&Q Insurance Shares Drop Amid Bermuda Monetary Authority's Review of Legacy Business	Dec. 22	MT
R&Q Insurance shares fall 20% as Bermuda review pauses deals	Dec. 22	AN
R&Q sees big opportunity for Legacy arm as eyes life after Accredited	Dec. 14	AN
R&Q Insurance has big plans for Legacy once Accredited sale closes	Nov. 14	AN
FTSE 100 underperforms before US inflation	Nov. 14	AN
R&Q Insurance Agrees $465 Million Sale of Program Management Business Accredited	23-10-23	MT
R&Q Insurance Holdings sells Accredited to Onex for USD465 million	23-10-20	AN
R&Q Insurance to sell insurance and program management unit to Canada's Onex	23-10-20	RE
EARNINGS: R&Q Insurance loss swells, Jade Road still selling assets	23-09-29	AN
Earnings Flash (RQIH.L) R&Q INSURANCE HOLDINGS Posts H1 Revenue $1.09B	23-09-29	MT
Earnings Flash (RQIH.L) R&Q INSURANCE HOLDINGS Reports H1 Loss $-0.14	23-09-29	MT
R&Q Insurance Confirms Talks to Sell Accredited	23-09-22	CI
R&Q Insurance in advanced talks to sell Accredited to Onex	23-09-22	AN
R&Q Insurance Confirms Advanced Talks Over Sale of Accredited; Stock Jumps 12%	23-09-22	MT

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Company Profile

R&Q Insurance Holdings Ltd is a Bermuda-based non-life global specialty insurance company. The Company and its subsidiaries carry on business worldwide as owners and managers of insurance companies, providing program capacity to manage general agents (MGAs) and run-off solutions to the non-life insurance market. The Companyâs segments include Program Management, Legacy Insurance and Corporate/ Other. Its Program Management segment delegates underwriting authority to MGAs to provide program capacity through its licensed platforms in the United States and Europe. Its Legacy Insurance segment acquires legacy portfolios and manages the run-off of claims reserves. Its Corporate/Other segment primarily includes the holding company activities. The Companyâs wholly owned subsidiaries include RQLM Limited, Tradesman Program Managers, LLC and Hickson Insurance Limited.

Sector

Multiline Insurance & Brokers

Calendar

2024-04-28 - Q4 2023 Earnings Release (Projected)

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