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R&Q Insurance Holdings Ltd announced on 17 March 2023 the completion of the sale of its 40% minority holding in TPM Holdings USA, LLC ("Tradesman"). This announcement follows a previous one made on 23 February 2023.
| Date | 17 Mar 2023 |
| Time | 07:00:03 |
| Category | Disposals |
| ID | 2977T |
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").
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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.