More than a single deal: the promise of R&Q’s joint venture

28-02-2023

More than a single deal: the promise of R&Q’s joint venture

Insurer sees ‘strong future demand’ for corporate legacy deals, says Andy Pinkes, global CEO of legacy insurance at R&Q.

Changes are afoot at R&Q as the insurer eyes a wealth of opportunities in the legacy market despite significant competition.

In a bid to get ahead of the pack, the insurer’s legacy arm is pursuing a new direction with its recent acquisition of MSA Safety (MSA), part of a deal secured with a newly formed joint venture, as well as the ongoing transition of its operating model to a fee-based business.

The MSA deal opens up access to a pipeline of new market opportunities, the insurer said, while changes to its operating model mean R&Q will earn fees for managing legacy reserves and assets.


R&Q, Andy Pinkes, Legacy insurance, Run-off, Joint venture, Insurance, Reinsurance, MSA Safety, Obra, William Spiegel, Global

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