R&Q issues subordinate notes to support legacy activity in the US
R&Q has issued $20m (£16m) of floating rate S subordinated notes which will be due December 2023 from R&Q Re Bermuda, the group's 3A insurer.
The subordinated notes are Tier 2 eligible capital and will support R&Q's insurance platform and will increase R&Q Bermuda's statutory capital and surplus.
R&Q Re Bermuda is responsible for writing
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