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Share Price: 1.915

Bid: 1.75

Ask: 2.40

Change: -0.05 (-2.35%)

Spread: 0.65 (37.143%)

Open: 1.915

High: 1.915

Low: 1.915

Prev. Close: 2.125

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

Fri, 22nd Sep 2023 11:48

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

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

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