Randall and Quilter to buy Bermudian insurer

Posted On: Jul. 2, 2019 5:54 AM CST

Bermuda-based runoff specialist Randall and Quilter Investment Holdings Ltd. said that one of its units is purchasing Bermudian general insurer Sandell Holdings Ltd. for $25 million, Shares Magazine reported. Sandell Holdings recorded a loss of nearly $3 million and its assets totaled $41 million in 2018.