R&Q: Skyward Specialty commutes LPT with R&Q Re (Bermuda)

Skyward Specialty Insurance Group, Inc. has commuted the Loss Portfolio Transfer and Adverse Development and Retrocession Agreement (LPT) with R&Q Re (Bermuda) Ltd. (R&Q) relating to accident years 2018 and prior, receiving $11.7 million in cash. Additionally, on December 31st, 2024, Skyward strengthened LPT loss reserves by $25.3 million and recognised approximately $9.8 million, net [...] The post Skyward Specialty commutes LPT with R&Q Re (Bermuda) appeared first on ReinsuranceNe.ws.