Reinsurance News
Accredited Specialty Insurance Company
AM Best removes from under review & affirms ratings of Accredited following Onex acquisition
9th August 2024
Global ratings agency AM Best has removed from under review with developing implications, and affirmed the Financial Strength Ratings (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Accredited Specialty Insurance Company, Accredited Surety and Casualty Company, Inc., and Accredited Insurance Limited, which are collectively known ... Read the full article
R&Q confirms provisional liquidation in Bermuda to facilitate Accredited sale
19th June 2024
Following evaluation from its Board, R&Q has confirmed that it will be filing for a provisional liquidation in Bermuda and that it expects the previously announced sale of Accredited to Onex Corporation to be implemented through that process. If you recall, on the 13th of June, R&Q released an update ... Read the full article
Liquidation risk for R&Q as Accredited sale discussions continue with Onex
13th June 2024
As R&Q continues progress discussions regarding the sale of Accredited, buyer Onex has proposed an alternative transaction structure to that of the original sale that could be implemented in the event that the original closing conditions were not able to be satisfied. Back in October 2023, the non-life specialty insurer announced ... Read the full article
R&Q agrees Accredited sale to Onex at $465m enterprise value
20th October 2023
Non-life specialty insurer R&Q Insurance Holdings has just confirmed that it has entered into a conditional agreement to sell its Accredited program Management business to private equity investment manager Onex Corporation. The sale was expected as R&Q had previously stated it was in advanced talks regarding a potential sale of ... Read the full article
AM Best recognizes Accredited as an Independent Rating Unit, maintains A- Financial Rating
27th June 2023
Global non-life specialty insurer R&Q Insurance Holdings Ltd. has announced that AM Best has recognized Accredited as an independent ratings unit, distinct from R&Q. AM Best has maintained the Financial Strength Rating of A- (Excellent) of Accredited Specialty Insurance Company (ASI), Accredited Surety and Casualty Company, Inc. (ASC) and Accredited Insurance ... Read the full article
AM Best places ratings of R&Q and subsidiaries under review as Board considers strategic options
6th April 2023
The announcement from non-life specialty insurer R&Q Insurance Holdings earlier this week that its Board is conducting a strategic review to separate its program management and legacy businesses, has seen AM Best place the credit ratings of the firm and its rated subsidiaries under review with negative implications. On April ... Read the full article
R&Q names Aon’s Rastiello as CEO of U.S. E&S program management business
9th September 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has named Patrick J. Rastiello as the President and Chief Executive Officer (CEO) of Accredited Specialty Insurance Company, its recently launched U.S. E&S Program Management operation. In mid-August, the legacy specialist announced plans for its accelerated, Q4 2020 entry into the U.S. E&S ... Read the full article
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