R&Q Warns Its Financial Stresses Could Hit Business Stability and Lead to Liquidation June 13, 2024 By L.S. Howard R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the “company’s stability as a business”...
R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss” April 12, 2024 By L.S. Howard R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it...
PE Firm Cinven Eyes Sale of German Life Insurer Viridium: Sources October 3, 2023 By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Alexander Hübner Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was...
Legacy Acquisition Specialist RiverStone Int’l Acquires Catalina Insurance Ireland September 11, 2023 RiverStone International, the London-based provider of legacy solutions in the Lloyd’s market, has signed an agreement with members of the...
Prudential, Warburg Pincus Team Up to Back New Reinsurer September 8, 2023 By Allison McNeely Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a...
Legacy Acquistion Specialist Monument Re Explores Strategic Options: Sources August 16, 2023 By Amy-Jo Crowley and Pablo Mayo Cerqueiro Monument Re, a buyer of European life insurance portfolios, is exploring strategic options after reporting a drop in its capital...
SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre July 3, 2023 SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily...
Generali’s Plan to Shed $22B of Insurance Liabilities Complicated by Interest-Rate Surge June 27, 2023 By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Gianluca Semeraro Assicurazioni Generali’s plans to shed up to 20 billion euros ($21.87 billion) of insurance liabilities are being hampered as a...
R&Q Announces Capital Raise of $50M-$60M, Completes Reorganization June 12, 2023 R&Q Insurance Holdings, (R&Q) the non-life speciality insurer that focuses on program management and legacy insurance business, announced a capital...
AM Best Places Ratings of R&Q and Subsidiaries Under Review with Neg. Implications April 10, 2023 AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...