Legacy specialist R&Q has sealed a deal with Bermudian carrier Hamilton for a £60mn ($74.5mn) loss portfolio transfer (LPT) of its Lloyd’s syndicate 3334, The Insurer can reveal. READ IT ON-LINE

London-listed R&Q has raised $100mn in fresh equity as it expects the Covid-19 crisis to create “considerable future opportunity” for the group’s legacy acquisitions and program underwriting services, the company announced this morning.

R&Q is making a habit of ballsy spring time capital raises. In March 2019, it raised £107mn from the equity markets, the equivalent of circa 40 percent of its then market cap. READ IT ON-LINE

London-listed R&Q has raised $100mn in fresh equity as it expects the Covid-19 crisis to create “considerable future opportunity” for the group’s legacy acquisitions and program underwriting services, the company announced this morning. READ IT ON-LINE

Accredited Insurance (Europe) Ltd (AIEL) says it has written the first professional indemnity policy for freelance solicitors regulated by the UK body, Solicitors Regulation Authority (SRA). READ IT ON-LINE

Randall & Quilter’s subsidiary Accredited Europe has completed the transfer of a captive business unit from Swedish aerospace and defence company, SAAB Aktiebolag, for an undisclosed sum. READ IT ON-LINE

London-listed legacy and program specialist R&Q has acquired the Montana captive insurer, Vigneron Insurance Company, Inc. (VICI), for an undisclosed sum. READ IT ON-LINE

Former Lloyd’s head of regulation and run-off expert Ken Randall lost none of his energy or Calvinistic work ethic when he recently entered his eighth decade. Testament to this is the recent transformation of his company R&Q after concluding it needed to repurpose to reflect the industry’s changing dynamics. READ IT ON-LINE

Ken Randall, executive chairman and founder of London-listed legacy and program manager R&Q, will step down in “around 12 months” to be succeeded by one of the (re)insurance industry’s post private equity experts, William Spiegel. READ IT ON-LINE

Legacy specialist R&Q has completed the acquisition of Barbados-based insurer Distinguished Re, formerly known as the Saranac Insurance Company, with the run-off firm paying a cash consideration of $1 for the carrier. READ IT ON-LINE