R&Q Investment Holdings Ltd. has announced a corporate restructuring to establish a newly named unit, Accredited, which comprises its U.S. and European program management business.
At the same time, this restructuring is a renaming of R&Q’s Malta-based insurance platform, R&Q Insurance (Malta) Limited, to Accredited Insurance (Europe) Limited, effective immediately.
Todd Campbell will jointly run Accredited as Chief Executive Officer (CEO) of its U.S. business, alongside Colin Johnson, as CEO of its European division. Both Campbell and Johnson will report to Alan Quilter, co-founder of R&Q and Group Chief Financial Officer (CFO).
The renaming is designed to reflect the importance of this core business to the firm, and also to provide a simplified, single brand that provides the same level of service and client understanding to its customers.
Johnson, commented: “R&Q is, of course, well known for legacy acquisitions and for providing first class innovative exit solutions to owners of discontinued business. Since 2017, we have brought this same level of professional, client-focussed attention to MGAs in the US and in Europe who require a program underwriting partner who can act as the conduit between them and their reinsurers.”
Campbell, added: “here is a growing demand for program partnerships and Accredited is determined to be the market’s go-to choice on both sides of the Atlantic.”
After the UK leaves the European Union in 2019, Accredited Insurance (Europe) Limited will remain fully licenced to write every P&C class across all remaining 27 EU member states. Furthermore, a UK branch office will enable it to write business on behalf of UK MGAs.