R&Q reveals strong pipeline of programmes with ~$130m GWP in 2023
R&Q and Obra form new joint venture for major legacy deal
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