R&Q Insurance Holdings Ltd. announced on Tuesday that they are planning to separate their program and legacy insurance businesses, due to their respective sizes. The program management business, Accredited, has an ‘A’ credit rating with record reach of $1.8 billion in gross written premium and $80 million fee income in 2022. The board has concluded that this separation would result in the best outcome for shareholders. Moreover, the insurer expects that in 2022, legacy insurance would incur a loss in the range of $30 to $40 million, even after an estimated profit of between $55 and $60 million for program management.
Michael Susin is the correspondent for this article and has written for other publications including the Wall Street Journal. He is an experienced journalist who specializes in writing about financial and business topics, in particular relating to insurance and investments. With a strong educational background, he has the ability to take complex topics and make it understandable for the general public.
R&Q Insurance Holdings Ltd. is a London-listed insurer that provides both program management and legacy insurance services. Being in this niche requires a deep understanding of the financial market and a knack for risk management. Through their program management, they are able to help clients control their risk and protect their investments. The company has grown significantly in the past few years and seeks to provide their clients with the best possible solutions.
