Accredited Insurance (Europe), a wholly owned European subsidiary of Randall & Quilter Investment Holdings (R&Q), has entered into a new program underwriting partnership with CPD Underwriting Solutions.
CPD is a UK Managing General Agent (MGA) that provides both private motor and household insurance.
The announcement follows a series of other program underwriting partnerships that Accredited entered into in 2018, in which the company agreed to act as a conduit between its partners and their re/insurance capital providers.
Accredited claims that it can provide a ready-made distribution channel for reinsurers and Brexit solutions for European MGAs.
‘’These two new binding authorities, written in partnership with CPD, further underline our commitment to the European program sector,” said Colin Johnson, Chief Executive Officer (CEO) of European Program Management at R&Q.
“We are confident that our pipeline of opportunities will see us become a major force in the coming months as we expand into other European states and different classes of business,” Johnson added.
Chris Dixon, CEO of CPD Underwriting Solutions, also commented: “We are delighted to be partnering with Accredited Insurance (Europe) Limited with the launch of this development.”
He continued: “Our intermediary panel will have access to Personal Lines products that have been built specifically to cater for the needs of their customers, safe in the knowledge that all participating Insurers/ Reinsurers supporting us have achieved a minimum of A- rating or above. In the days of continuing financial uncertainty this arrangement provides a great deal of security.”
Accredited Europe 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.