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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

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