Accredited downgrade threat on hold as R&Q agrees $465m sale to Onex
R&Q Insurance Holdings has entered into a conditional agreement with Canadian investment business Onex Corporation to sell 100% of the equity interest in its front business Accredited.
The deal, which first floated in September, is subject to shareholder approval, regulatory approval and customary consents from certain R&Q debt providers.
Upon completion, R&Q will refocus as a legacy insurance business in Bermuda, Europe, the US and the UK.
Related R&Q in ‘advanced’ talks for sale of Policy Expert capacity backer AccreditedR&Q is in discussions with Canadian investment business Onex for the sale of its fronting business Accredited.
R&Q said the proposed sale of
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