R&Q to sell 40% stake in MGA Tradesman for $47 million

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Reinsurance News - Feb 23, 2023

Bermuda-based insurer R&Q Insurance Holdings has reached an agreement to sell its 40% stake in the New York-based MGA Tradesman to Roosevelt Road Capital Partners, the controlling 60% shareholder of Tradesman, which is majority owned by Daniel Hickey, Jr., the CEO of Tradesman. The total conside...

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