Roosevelt Road Capital completed the acquisition of a 40% stake in MGA Tradesman from R&Q Insurance for $47m.

Roosevelt Road Capital, a global investment group, completed the acquisition of a 40% stake in MGA Tradesman, a full-service managing general agency, from R&Q Insurance, a global non-life specialty insurance company, for $47m. “We have now firmly established R&Q Accredited as a scale player and leading partner in both the US and Europe. As we outlined in our recent update, the team has maintained momentum into 2023 and we continue to see a strong pipeline of potential partnerships. At the same time, we will retain our highly disciplined approach to MGA selection and reinsurance partnerships, seeking to work only with high-quality MGAs and reinsurers while ensuring we maintain a well-balanced and diversified portfolio,” William Spiegel, R&Q Chairman.