Management Services
strategy | innovation | expertiseR&Q provides a depth of service and experience to the captive sector derived from many years of servicing the general insurance community.
The following services and solutions are available:
Captive services
Currently licensed in Bermuda and Washington DC and expanding into other US domiciles and Europe. Fully bundled solutions are available utilising the broad skill set within the R&Q Group to include incorporations, accounting and regulatory returns, reinsurance access, claims handling, audit and inspection, reinsurance processing and collection, credit control and exit solutions.
Provision of exit solutions
R&Q has been acquiring insurance and reinsurance companies in run-off, or discontinued books of business, for many years. The Group can provide a clean exit to a captive owner by acquiring the business or, alternatively, R&Q can offer other exit solutions such as schemes of arrangement (for Bermuda and other jurisdictions where the law allows), commutation programs, novations or other reinsurance products such as adverse loss development cover.
R&Q has a Bermudian Class 3 reinsurer, R&Q Re (Bermuda) Limited, that is able to provide reinsurance finality solutions (subject to necessary approvals).