- Randall & Quilter Investment Holdings said it had completed the acquisition of Sandell Holdings, a segregated account company able to write all classes of general business insurance and reinsurance.

The residual liabilities comprised primarily of contractors' liability exposures arising in the US.

Sandell Re had net technical reserves of $48.3m as at 31 December 2018.

The consideration payable by R&Q was $25m, with further amounts payable subject to certain conditions being met.

At 8:19am: [LON:RQIH] Randall Quilter Investment Holdings PLC share price was 0p at 214p

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