The Board of R&Q Insurance Holdings Ltd (“R&Q”, the “Company”) notes the press commentary regarding a potential sale of the Company’s Program Management business, Accredited.
As previously announced, the Board has been undertaking a review of the strategic options for the Group, which has included the legal separation of Accredited and R&Q Legacy. The Board confirms that it is in an advanced stage of discussions with Onex Corporation (“Onex”) regarding a potential sale of Accredited.
If and when appropriate, a further announcement will be made.
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