M&A Deal Summary

R&Q Acquires Sandell Holdings

On October 7, 2019, R&Q acquired insurance company Sandell Holdings for 25M USD

Acquisition Highlights
  • This is R&Q’s 21st transaction in the Insurance sector.
  • This is R&Q’s largest (disclosed) transaction.
  • This is R&Q’s 3rd transaction in Bermuda.

M&A Deal Summary
Date 2019-10-07
Target Sandell Holdings
Sector Insurance
Buyer(s) R&Q
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Sandell Holdings

Hamilton, Bermuda
Sandell Holdings Ltd. is licensed as a Class 3A segregated account company to write all classes of general business insurance and reinsurance.

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Buyer(S) 1

Buyer

R&Q

Hamilton, Bermuda

website

Category Company
Founded 1991
Sector Insurance
Employees280
Revenue 81M GBP (2022)
DESCRIPTION

R&Q is a service provider and acquirer of solvent insurance companies in run-off. R&Q was founded in 1991 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 21 of 26
Sector (Insurance) 21 of 26
Type (Add-on Acquisition) 12 of 15
Country (Bermuda) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 WCIC

Limerick, Ireland

WCIC underwrote general and employers’ liability insurance from 2007 to 2011 covering various members of the Coffey Group.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Vigneron Insurance

Montana, United States

Vigneron Insurance Co. Inc. underwrote deductible reimbursement policies to cover the obligations in a variety of industries, real estate, marketable securities, and other investments.

Buy -
Mergr

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