Accredited Insurance (Europe), a wholly owned European subsidiary of Randall & Quilter Investment Holdings (R&Q), has entered into a new program underwriting partnership with Kitsune Limited.
Kitsune is a UK-based Managing General Agent (MGA) that provides private motor insurance.
Colin Johnson, Chief Executive Officer (CEO) of European Program Management at R&Q, explained that the partnership with Kitsune marks just one of a number of programs targeted for completion before year end.
“We are delighted to confirm this transaction and to add Kitsune to our stable of top quality MGAs,” said Johnson.
“Our pipeline remains strong allowing us to partner with experienced and well respected businesses in a number of insurance classes throughout Europe’’.
The announcement also follows a new program underwriting partnership between Accredited and CPD Underwriting, which was revealed last week.
Accredited entered into a series of underwriting partnerships over 2018, in which the company agreed to act as a conduit between its partners and their re/insurance capital providers.
Ken Randall, CEO and Chairman of R&Q, commented: “This transaction underlines our commitment to supporting high quality program business throughout the European Union (‘EU’) and highlights the critical role that Accredited continues to play in this arena.”
Accredited Europe claims that it can provide a ready-made distribution channel for reinsurers and Brexit solutions for European MGAs.
The company is licensed to write all non-life insurance classes in all EU member states and is rated A- (excellent) by A.M. Best.
Last year, Accredited entered into program underwriting partnerships with a number of re/insurers and MGAs, including Atlas General Services Insurance, Renaissance Managing General Agency, American Team Managers, Futura, Inspire and All Risks.
