Reinsurance News
Roosevelt Road Re
Roosevelt Road Specialty and Neural Earth partner to advance property underwriting with AI
19th September 2025
Roosevelt Road Specialty, a Managing General Underwriter (MGU) that provides customised insurance solutions, has entered into a strategic partnership with Neural Earth Inc., a technology company specialising in artificial intelligence–driven geospatial risk analytics. The collaboration is focused on enhancing property underwriting by incorporating advanced data and analytics into decision-making processes. The agreement ... Read the full article
Roosevelt and Tradesman file lawsuit over alleged fraudulent WC claims
18th March 2024
Bermuda-based Roosevelt Road Re and its affiliate managing general agency Tradesman Program Managers (TPM) have filed a lawsuit to recover funds from 46 individuals and companies who made “potentially fraudulent claims” related to alleged New York City construction accidents The filed Racketeer Influenced and Corrupt Organizations Act (RICO) suit came after ... Read the full article
RRCP buyback secures 100% ownership of MGA Tradesman
23rd February 2023
Roosevelt Road Capital Partners (RRCP) has reached an agreement to buy back R&Q Insurance Holdings' 40% stake in New York-based MGA Tradesman. R&Q announced this morning that the total consideration is $47 million, subject to post-closing adjustments based on the 2022 audited financials of Tradesman. Approximately $41 million of the consideration ... Read the full article
Roosevelt Road strengthens ILS capabilities with addition of Darren Bailey
26th January 2022
Bermuda domiciled Roosevelt Road Re Ltd. has announced the appointment of Darren Bailey, formerly of Randall & Quilter (R&Q), as its new Director of ILS and Capital Markets, effective immediately. Based in London, Bailey brings 19 years of global reinsurance and insurance-linked securities (ILS) experience to the firm. In June 2021, he ... Read the full article
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