R&Q agrees ProSight Lloyd's run-off deal

R&Q has reached agreement with ProSight Specialty Insurance
to take over the management of obligations for the defunct
Syndicate 1110.
The Insurance Insider first revealed
in August that R&Q was in exclusive
discussions with the carrier on a deal.In a statement today, R&Q said it would take over the
day-to-day claims handling of Syndicate 1110, and will acquire a
100 percent shareholding of the ProSight corporate members;
ProSight Specialty (TSMC) Limited and ProSight Specialty (ECUC