R&Q Investment Holdings has been assigned an “A- (excellent)” credit and financial strength rating from A.M. Best for its European subsidiary R&Q Insurance (Malta).
According to R&Q Malta, the rating is an important milestone in the execution of R&Q’s new strategy of focusing on its long-standing business of acquiring and managing run-off portfolios.
The rating agency assigned R&Q Malta a stable outlook.
Ken Randall, chairman and CEO of R&Q, welcomed the development: “We are delighted that A.M. Best has recognised the quality of R&Q’s balance sheet, our group risk and operational management and our new, strategy focussed around two core offerings: legacy acquisitions and programme management.”
“The ‘A- rating’ for our European insurance company, R&Q Malta, is an important step in our new strategy and gives our customers and counterparties even greater confidence in our ability to meet their needs in providing solutions to existing run-off business and in being their programme underwriting partner of choice.”
