NEW YORK, August 17, 2022 – Vida Capital, Inc. (“Vida”) today issued the following statement in support of the current leadership and strategy of R&Q Insurance Holdings Ltd. (LON:RQIH):
Vida Capital Management, which manages funds owning approximately 9.07% of the outstanding shares of R&Q Insurance Holdings Ltd., supports the current Executive Chairman, William Spiegel, the management team and the Board of R&Q in their efforts to maximize shareholder value. We believe a dramatic change to the strategy or to the executive leadership at this time would be counterproductive and would create a major distraction for the company. This is especially true after the successful recent capital raise, which allows the company to focus on execution of its strategy without the fundraising and merger distractions of the last year. We look forward to seeing the results that the team can deliver going forward.
About Vida Capital
Vida Capital, Inc. is a vertically integrated, uncorrelated investment firm specializing in insurance, longevity, structured credit, and private lending with $3.9 billion in assets under management. The firm aims to generate long term value and attractive returns for investors across closed-end and open-end funds. With capabilities in investing, originating, structuring, and servicing, Vida provides differentiated investment opportunities and capital solutions for investors globally.