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Completion of Tradesman Sale

17th Mar 2023 07:00

RNS Number : 2977T

R&Q Insurance Holdings Ltd

17 March 2023

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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