Accredited Surety & Casualty Company, Inc., a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has entered into a program partnership with Massachusetts domiciled carrier, Surround Insurance Agency, LLC.
Surround was co-founded in 2018 by Jonathan Grayson and Kate Terry, and is set to offer a starter pack of insurance offerings for urban professionals.
To start, the product offering will include Renters, Non-Owned Auto, and Professional Liability coverages flat priced in a combined solution, designed to make insurance both simple and accessible for asset-lite consumers who rent, share, and freelance.
From August of this year, Accredited will be the issuing carrier on behalf of Surround. To begin with, the new program will launch in Massachusetts, before being rolled out in Illinois and additional states in the future.
President and Chief Executive Officer (CEO) of Accredited, Todd Campbell, said: “We are delighted to partner with Surround as the team continues to execute on their growth plans. Their particular customer focus and Insurer Tech platform is an exciting development in the industry. Accredited has a growing pipeline of new partnerships to be launched before the year end and we are excited to be delivering on our mission to be the program underwriter of choice for US MGAs, MGUs, program owners and their capital partners.”
Grayson, CEO of Surround, commented: “The world around us has changed dramatically since the advent of the smart phone. Consumers in their 20s and 30s enjoy amazing choice and freedom across the ways they live, work, and move in the modern economy. They’re also experiencing a widening gap in risk exposure because of their new lifestyles. Kate and I are excited to be working with Accredited to build the most customer-centric insurance products in the market.”
While Alan Quilter, R&Q Group’s CEO, added: “This partnership is further evidence of our commitment to supporting high quality program business, with superior MGAs, across the US and highlights the important role that Accredited plays in this arena.”
