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23 October 2023Insurance

R&Q sells Accredited to Onex for $465m citing ‘unsustainable’ leverage

Global specialty insurance company  R&Q Insurance Holdings has agreed to  sell its programme management business Accredited to private equity investment  company Onex for $465 million, citing “unsustainable” financial leverage.

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More on this story

Insurance
22 September 2023   The specialty insurer had been mulling a potential sale of its hybrid fronting business.
Insurance
4 April 2023   Management weighing options given the scale and size of legacy and programme divisions.