R&Q Investment Holdings Ltd (R&Q) subsidiary, Accredited Surety & Casualty Company Inc (Accredited) has announced a new program underwriting partnership with American Team Managers (ATM), effective April 1st, 2018.
Under the new partnership, Accredited will act as the insurer on behalf of ATM, an independently owned insurance MGA focused on providing cargo insurance for the U.S. inland transportation sector, on a fully reinsured basis, and will also serve as a conduit between the company and its insurance capital providers.
According to an announcement, by becoming the issuing carrier on behalf of ATM, Accredited will provide its infrastructure and licenced paper, which in turn enables ATM to focus on its clients.
President and Chief Executive Officer (CEO) of Accredited, Todd Campbell, commented: “We are delighted to be working with ATM, a leading MGA in the inland transportation sector and with a well-deserved reputation for excellence and superior service.”
“Accredited completed five new program underwriting partnerships in 2017. With a strong pipeline of new partnerships in first half of 2018, Accredited is excited about delivering on our mission to be the program insurer of choice for US MGAs and their capital partners.”
The announcement also reveals that the cargo insurance program provides coverage in 12 western states, with limits of up to $250,000.
Ken Randall, CEO of R&Q, said: “Accredited is delivering on our mission to be a leading provider of program underwriting services to MGAs/MGUs. We look forward to partnering with ATM and in completing other new partnerships in the second quarter, 2018.”
