R&Q Insurance Holdings faces potential liquidation due to adverse loss development and unexpected costs.
R&Q Insurance Holdings warns of financial difficulties that may lead to business instability and potential liquidation, due to adverse loss development and unexpected costs. Struggling to restructure, they have aimed to raise capital, sell assets, and complete the sale of Accredited to Onex Corp. for $465M. If liquidation occurs, shareholders would likely see no value return.
June 13, 2024
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