R&Q sees H1 operating loss of $58m driven by adverse reserve development
Reinsurance News - Sep 29, 2023
Despite seeing strong growth in its Accredited business in H1 of 2023, R&Q Insurance Holdings has reported a pre-tax operating loss of $58 million, primarily due to adverse reserve development in R&Q Legacy reserves of $40 million. R&Q noted that one of its strategic objectives for H1 wa...
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