Completion of Tradesman Sale

RNS Number : 2977T
R&Q Insurance Holdings Ltd
17 March 2023
 

Logo Description automatically generated

 

R&Q Insurance Holdings Ltd

 

("R&Q", the "Company" or the "Group")

 

Completion of Tradesman Sale

 

17 March 2023

 

Further to the announcement of 23 February 2023, R&Q Insurance Holdings Ltd. (AIM: RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, is pleased to announce the completion of the sale of its 40% minority holding in the New York-based Managing General Agent TPM Holdings USA, LLC ("Tradesman").

 

Ends

 



Enquiries to:

 

R&Q Insurance Holdings Ltd


William Spiegel

Tel: 0207 780 5850

Tom Solomon 

Tel: 0207 780 5850

 

Numis Securities Limited (Nominated Advisor and Joint Broker)

Giles Rolls 

Tel: 020 7260 1000

Charles Farquhar 

 

Barclays Bank PLC (Joint Broker)

Andrew Tusa

Richard Bassingthwaighte

Tel: 020 7260 1000

 

 

Tel: 020 7632 2322

Tel: 020 7632 2322

 



FTI Consulting

Tom Blackwell / Shipra Khanna

 

Tel: 020 3727 1051

 

 

 




Notes to Editors:

 

About R&Q 

 

R&Q is a global non-life specialty insurance company. We operate two core businesses: Program Management and Legacy Insurance. Both these businesses are leaders in their respective markets.

 

Our approach is to deploy our origination and underwriting capabilities, alongside our licensed and rated carriers in the US, EU, and the UK, to generate attractive fee returns in Program Management and Legacy Insurance.

 

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

 

Website: www.rqih.com

 

 

The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.

 

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