Accredited Surety & Casualty Company, a wholly owned subsidiary of Randall & Quilter Investment Holdings (R&Q), has entered a program underwriting partnership with Florida-based MGA Renaissance Managing General Agency.
Accredited, which is also headquartered in Florida, has agreed to act as the program underwriting manager on behalf of Renaissance and as a conduit between the firm and its re/insurance capital providers.
Renaissance specialises in providing customer-focused, technologically driven private passenger automobile insurance coverage and operates out of Miami.
Ken Randall, Chief Executive Officer (CEO) of R&Q, said: “Accredited is at the forefront of R&Q’s new strategic focus on the provision of program underwriting services in the US and Europe. We look forward to partnering with Renaissance and in completing other new partnerships in the second quarter, 2018”.
Todd Campbell, CEO of Accredited, also commented: “We are delighted to be working with Renaissance, a leading Florida writer of non-standard auto coverage.
“Accredited closed five new program underwriting partnerships in 2017 and Renaissance is our second new one for 2018. With a strong pipeline of new partnerships in first half of 2018, Accredited is excited about delivering on our mission to be the program underwriter of choice for US MGAs and their capital partners”.
Accredited is a re/insurance company licensed to write admitted business in all 50 U.S states, and specialises in developing and delivering insurance program partnerships in the U.S and Europe and solutions to owners of discontinued insurance business.
In April 2018, Accredited commenced another program underwriting partnership with American Team Managers (ATM), an MGA focused on providing cargo insurance for the U.S. inland transportation sector.
