R&Q Insurance Holdings Ltd. operates as a specialty non-life insurance enterprise, primarily engaged in the legacy segment across North America and Europe. The company specializes in acquiring and managing discontinued non-life insurance portfolios and offering comprehensive exit solutions for run-off liabilities. These services encompass a range of solutions, including portfolio transfers, reinsurance, and managing claims reserves. Historically, it also provided program management services, acting as an intermediary for managing general agents and capital providers. Founded in 1991 and headquartered in Hamilton, Bermuda, the firm has recently undergone significant strategic changes. In June 2024, R&Q announced its intention to file for provisional liquidation in Bermuda, following an evaluation of its financial position and strategic alternatives. This decision coincided with the planned sale of its program management division, Accredited, to Onex Corporation, a transaction expected to proceed through the liquidation process. Consequently, the company's ordinary shares trading on the London Stock Exchange's AIM market were suspended. The remaining focus, within the context of these proceedings, is on realizing value from its legacy insurance assets.