R&Q unveils $100mn equity raise backed by 777 Partners and Hudson Structured

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.

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R&Q unveils $100mn equity raise backed by 777 Partners and Hudson Structured

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. ΔΙΑΒΑΣΤΕ ΤΟ ON-LINE

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R&Q takes over Montana captive Vigneron Insurance

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

Comment: Letting go can be hard to do…

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. ΔΙΑΒΑΣΤΕ ΤΟ ON-LINE

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Pine Brook founder Spiegel to succeed Randall at R&Q

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. ΔΙΑΒΑΣΤΕ ΤΟ ON-LINE

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R&Q takes over Barbados-based Distinguished Re

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. ΔΙΑΒΑΣΤΕ ΤΟ ON-LINE

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