R&Q sees FY 2022 operating loss of $33m, cites adverse Legacy development

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Reinsurance News - Jun 29, 2023

Despite seeing strong growth in its Accredited business in 2022, R&Q Insurance Holdings has reported a pre-tax operating loss of $33.3 million, impacted by $32 million of adverse development and the transition to a fee-based revenue model at R&Q Legacy. R&Q’s Accredited business sa...

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