22nd Sep 2023 11:48
R&Q Insurance Holdings Ltd - Hamilton, Bermuda-based non-life specialty insurance - Confirms it is in "an advanced stage of discussions" with Onex Corp to sell programme management business Accredited. R&Q Insurance previously had said it was reviewing strategic options, which included the legal separation of Accredited and R&Q Legacy. Says a further announcement will be made "if and when appropriate". Onex is a Toronto-based private equity firm.
Current stock price: 55.20 pence, up 13%
12-month change: down 33%
By Greg Rosenvinge, Alliance News reporter
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