R&Q Insurance Holdings Ltd said, based on preliminary and unaudited information, R&Q expects that it will realise a significant pre-tax loss for the year driven by the adverse development in Legacy and a material increase in corporate costs in relation to the Sale of Accredited.
R&Q sells stake in joint venture royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
A number of parties have expressed interest in purchasing Accredited, the programme management business of Bermudian-based R&Q Insurance Holdings Ltd.
R&Q said it has received all necessary ap.