R&Q Insurance Share News (RQIH)

EARNINGS: R&Q Insurance loss swells, Jade Road still selling assets

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:

R&Q records improved fee income as it works to separate business

(Sharecast News) - Non-life specialist R&Q Insurance Holdings reported a first-half gross written premium (GWP) of $1.1bn for its Accredited division on Friday, marking a 34% jump year-on-year.

IN BRIEF: R&Q Insurance in advanced talks to sell Accredited to Onex

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.

R&Q in advanced talks with possible Accredited buyer

(Sharecast News) - R&Q Insurance Holdings responded to press speculation on Friday morning regarding a potential sale of its programme management business Accredited.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: R&Q premiums rise as presses on with separation

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

R&Q's Accredited recognised as independent ratings unit

(Sharecast News) - R&Q Insurance Holdings announced on Monday that AM Best had recognised its programme management subsidiary 'Accredited' as an independent ratings unit, distinct from R&Q.

IN BRIEF: R&Q Insurance raises equity as separates its two businesses

R&Q Insurance Holdings Ltd - Hamilton, Bermuda-based non-life specialty insurance - Raises up USD60 million in new equity from funds affiliated with largest shareholder Scopia Capital Management, as separates program management business from legacy insurance business. The Scopia funds invest USD50 million in non-voting, perpetual preferred equity issued by Randall & Quilter PS Holdings Inc, an indirect wholly-owned subsidiary of R&Q. This amount can be raised to USD60 million. The preferred shares can exchanged for ordinary shares of R&Q Insurance at 60.98 pence per share.

R&Q raises $50m, reports strong quarter

(Sharecast News) - R&Q Insurance has successfully raised $50m in non-voting, perpetual preferred equity through its subsidiary, Randall & Quilter PS Holdings, it announced on Monday, alongside strong first-quarter trading.

R&Q Insurance plans spin-off and predicts chunkier yearly loss

(Alliance News) - R&Q Insurance Holdings Ltd on Tuesday predicted an annual loss and unveiled plans to separate its programme management business Accredited.

R&Q reveals plans to spin out programme management business

(Sharecast News) - R&Q announced in a trading update on Tuesday that it was considering separating its programme management business, 'Accredited', and its legacy insurance operation.

R&Q appoints Jeffrey Hayman as new non-exec chair

(Sharecast News) - Specialty non-life insurance company R&Q announced the appointment of Jeffrey Hayman as its non-executive chairman with immediate effect on Friday.

IN BRIEF: R&Q Insurance completes USD47 million Tradesman sale

R&Q Insurance Holdings Ltd - Hamilton, Bermuda-based non-life specialty insurance company - Completes the sale of its 40% minority holding in New York-based Managing General Agent TPM Holdings USA LLC, known as Tradesman.

TRADING UPDATES: Pittards profit warning; R&Q premiums rise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

R&Q flags record year, offloads stake in Tradesman

(Sharecast News) - R&Q Insurance updated the market on its programme management performance in 2022 on Thursday, revealing a record year with strong growth in both gross written premiums and fee income.