R&Q Insurance and Obra Capital completed the acquisition of legacy liabilities of MSA Safety.

R&Q Insurance, a global non-life specialty insurance company, and Obra Capital, an investment firm, completed the acquisition of legacy liabilities of MSA Safety, a subsidiary of global safety equipment manufacturer. Financial terms were not disclosed. “We are pleased to form a joint venture with Obra to acquire and professionally manage these legacy liabilities, providing MSA Safety with a complete finality solution. This is an exciting transaction for R&Q, showcasing the capabilities, reputation and innovation of our Legacy Insurance business. This will see our reserves and non-insurance liabilities under management increase to over $1 billion, comprising two pools: traditional insurance reserves via Gibson Re, and non-insurance legacy liabilities, furthering our goal of becoming a manager of legacy liabilities,” William Spiegel, R&Q Executive Chairman.