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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| R&q Insurance Holdings Ltd | LSE:RQIH | London | Ordinary Share | BMG7371X1065 | ORD 2P (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.11 | -3.54% | 3.00 | 2.90 | 3.30 | 3.00 | 2.80 | 2.80 | 4,572,736 | 14:50:46 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Title Insurance | 82.8M | -297M | -0.7929 | -0.04 | 10.49M |
From Apr 2022 to Apr 2024
TIDMRQIH
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").
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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 Tel: 020 7260 1000
Barclays Bank PLC (Joint Broker)
Andrew Tusa Tel: 020 7632 2322
Richard Bassingthwaighte 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 rns@lseg.com or visit www.rns.com.
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END
DISGPUCAWUPWPWQ
(END) Dow Jones Newswires
March 17, 2023 03:00 ET (07:00 GMT)
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