BMA undertakes review into R&Q Legacy and pauses approving legacy deals
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BMA undertakes review into R&Q Legacy and pauses approving legacy deals

Samuel Casey
December 22, 2023
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The Bermuda Monetary Authority (BMA) is undertaking a review of R&Q Legacy and has put on hold the approval of any new external legacy transactions at R&Q Re (Bermuda).

The regulator has also paused the redemption of the company’s $20mn Tier 2 floating-rate subordinated notes issued by R&Q Re (Bermuda).

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Samuel Casey
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