Accredited proprietor R&Q Insurance coverage Holdings has determined to file for provisional liquidation in Bermuda and promote the fronting enterprise by means of that route.
Buying and selling in R&Q shares on the London Inventory Change has now been suspended.
R&Q flagged the liquidation risk final week.
Final September R&Q admitted it was in superior discussions with Canadian funding enterprise Onex to promote Accredited.
In October it revealed a conditional settlement for a $465m (£382.7m) deal which, as of this April, was anticipated to shut earlier than the top of June.
Nonetheless, on 13 June the enterprise said that in discussions the potential purchaser introduced ahead another
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