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International

R&Q Insurance likely to report significant pre-tax loss

April 15, 2024 Reprints

Bermuda-based non-life specialty insurer R&Q Insurance Holdings Ltd. expects to report a significant pre-tax loss for the year, MSN reported citing City A.M. The company warned that while its plans to sell key business divisions were on track, it is likely to realize adverse development of 23% of its net reserves for the 2023 underwriting year, following extensive internal and external reserve reviews.

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R&Q Insurance likely to report significant pre-tax loss

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