Bermuda-headquartered and London-listed insurance investment firm R&Q Insurance Holdings Ltd. (AIM:RQIH), previously known as Randall & Quilter Investment, is in advanced talks to offload its programme management business Accredited to Canada's Onex Corporation (TSX:ONEX). September 22, 2023 statement came in response to media reports on the sale of the business. R&Q first said that it was reviewing its options for the business in April.

At the time, the company said that Accredited achieved gross written premium of USD 1.8 billion (EUR 1.69 billion) and fee income of USD 80 million in 2022. According to R&Q, Accredited being separated from the company's legacy insurance business will help both to deliver profitable growth. R&Q will provide an update on the strategic review and the talks when appropriate.