• Strategy
  • Innovation
  • Expertise

R&Q completes merger of Sandell Re Ltd into Tradesman Program Managers, LLC

10 September, 2020

Further to the announcement on August 10, 2020, Randall & Quilter Investment Holdings Ltd. (“R&Q” or the “Group”) is pleased to announce the completion of the combination of its wholly owned subsidiary, Sandell Re Ltd. (“Sandell”), with Tradesman Program Managers, LLC. (“Tradesman”), following receipt of regulatory approval and satisfaction of closing conditions.

Tradesman is a New York based Managing General Agent which underwrites liability insurance known as the ARTISAN Constructors’ General Liability insurance program (“ARTISAN program”) through insurance policies which are issued by Accredited Surety & Casualty Company Inc. (“Accredited US”), R&Q’s A- 9 rated subsidiary. Sandell is one of the main reinsurers of the ARTISAN program.

Commenting on the transaction, Ken Randall, Executive Chairman of R&Q said: “Through our minority interest in the combined business we have a unique opportunity to drive fee-based revenues in the agency and program management businesses, whilst generating strong underwriting results in the risk carrier. We’re delighted to have completed this transaction and look forward to working with Dan Hickey and his team.”

Click here for the full press release.

R&Q completes merger of Sandell Re Ltd into Tradesman Program Managers, LLC

Latest News

Loss Portfolio Transfer and Insurance Business Transfer with Allianz SE
Loss Portfolio Transfer and Insurance Business Transfer with Allianz SE

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce that, with the close assistance of Black Forest Reinsurance Consulting (“BFRC”), it has transacted a Loss Portfolio Transfer with Allianz SE, Germany (“Allianz”). The reinsurance is being provided by …

Allotment of Shares
Allotment of Shares

The Company has issued a total of 509,672 new ordinary shares of 2p each to an employee as part of their remuneration package. Application has been made to the London Stock Exchange for the admission of the 509,672 new ordinary …

R&Q completes merger of Sandell Re Ltd into Tradesman Program Managers, LLC
R&Q completes merger of Sandell Re Ltd into Tradesman Program Managers, LLC

Further to the announcement on August 10, 2020, Randall & Quilter Investment Holdings Ltd. (“R&Q” or the “Group”) is pleased to announce the completion of the combination of its wholly owned subsidiary, Sandell Re Ltd. (“Sandell”), with Tradesman Program Managers, …