Accredited Surety and Casualty Company, Inc., the Florida-based subsidiary of Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings (R&Q), has signed a new program underwriting partnership with Pronto General Insurance Agency LTD.
Pronto is a specialty managing general agency (MGA) that provides a variety of coverages to customers in Texas and California.
From 1 March 2019, Accredited will act as the issuing carrier on behalf of Pronto in California for its private passenger automobile business.
“We are delighted to be working with Pronto, a leading MGA in California and Texas,” said Todd Campbell, Chief Executive Officer (CEO) of Accredited.
“The Pronto team has developed well over a decade’s worth of successful multichannel growth while attracting significant outside investment,” he continued.
“Accredited has a strong pipeline of new partnerships for 2019 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.”
Ken Randall, CEO of R&Q, also commented: “This partnership with Pronto is further evidence of delivering on our mission to be a leading provider of program underwriting services to MGAs and MGUs. We look forward to partnering with Pronto and in completing other new partnerships in 2019.”
