R&Q gets green light for Rhode Island

R&Q has received a licence to operate in Rhode Island as the
run-off acquirer positions itself to take advantage of a new Part
VII-style regulatory framework, The Insurance
Insider has learned.
The unit, called R&Q RI Insurance Company Ltd, has been
registered in the state and is now listed on the company
website.
It is understood a transaction has been lined up to test the new
regulations, although details around the proposed transfer remain
heavily guarded.
R&Q had noted in...