On the 23rd of June 2017, R&Q reached an agreement to sell its Lloyd’s managing agency, R&Q Managing Agency Limited, to Coverys RRG, Inc.
The proposed disposal follows R&Q’s previously announced decision to simplify the group’s operations and to focus on its higher growth businesses which include the acquisition and management of legacy insurance portfolios and the use of our licenced companies in the US, Bermuda and Malta to partner with underwriting entities, distributors and their capital providers.
R&Q will retain its own its Lloyd’s Syndicate 3330 to manage portfolios of Lloyd’s run-off business.
For further information please see the news release (click here).
Lloyd’s Syndicate 1991 approved for 2013 year of account. Agreed capacity increased from £77m to £127m for the 2017 underwriting Year of Account
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