Reinsurance News
Accredited Surety and Casualty Company
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 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’s Accredited completes LPT from Pacific Pioneer Insurance
29th December 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has completed a loss portfolio transfer (LPT) from Pacific Pioneer Insurance Company (PPIC) to Accredited Surety and Casualty Company. Accredited is R&Q's wholly owned A- (IX) rated carrier. An announcement on the arrangement notes that this reinsurance transaction forms part of a larger transaction ... Read the full article
R&Q’s Accredited in new program partnership with Attune
15th October 2020
Accredited Surety & Casualty Company, Inc., a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has entered into a program underwriting partnership with Attune Insurance. Attune is a program administrator with specific experience in commercial insurance programs, and currently manages a BOP program with more than $100 million in ... 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
R&Q’s Accredited enters into program underwriting partnership with Surround
26th August 2020
Accredited Surety & Casualty Company, Inc., a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has entered into a program partnership with Massachusetts domiciled carrier, Surround Insurance Agency, LLC. Surround was co-founded in 2018 by Jonathan Grayson and Kate Terry, and is set to offer a starter pack of ... Read the full article
R&Q’s Accredited partners with Inperio on UK solicitor’s PI
12th February 2020
Accredited Insurance (Europe) Limited (AEIL), the European subsidiary of specialist non-life re/insurance investor Randall & Quilter Investment Holdings, has partnered with specialist MGA Inperio (London) Limited on professional indemnity (PI) cover for UK solicitors. Together, Accredited and Inperio plan to launch the first PI policy focused on freelance UK solicitors regulated ... Read the full article
Accredited in new program underwriting partnership
22nd November 2019
Accredited Surety and Casualty Company, the Florida-based subsidiary of specialist non-life re/insurance investor Randall & Quilter Investment Holdings, has entered into a program partnership with Trinity Transportation Services (TTS) and its associated third party administrator, Global Claims Services. Moving forward, Accredited will be an issuing carrier on behalf of TTS and ... Read the full article
Accredited strikes program underwriting partnership with MG Skinner
28th October 2019
Accredited Surety and Casualty Company, the Florida-based subsidiary of Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings, has entered into a new program partnership with M. G. Skinner & Associates Insurance Agency. The deal will see Accredited become the issuing carrier on behalf of MG Skinner for Directors & ... Read the full article
R&Q enters legacy reinsurance deal with Bermuda captive
22nd August 2019
Randall & Quilter Investment Holdings Ltd. (R&Q), the Bermudian specialist non-life re/insurance investor, has announced a new legacy reinsurance deal with a Bermuda domiciled captive. The agreement will see R&Q assume the legacy liabilities from the Bermudian captive of a US based airline. R&Q’s A- rated carrier and wholly owned subsidiary, Accredited ... Read the full article
R&Q’s Accredited strikes new program underwriting partnership deals
21st August 2019
Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings (R&Q) has announced that its Accredited subsidiaries have formed two new program underwriting partnerships, in addition to securing an extension to an existing deal. From July 2019, Accredited US will be the issuing carrier on behalf of Paragon Insurance Holdings for ... Read the full article
R&Q’s Accredited agrees to loss portfolio transfer with California education pools
3rd July 2019
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 loss portfolio transfer agreement with two educational insurance pools in California. The LPT agreement with Northern California Regional Liability Excess Fund (NCR) and Statewide Association of Community ... Read the full article
R&Q’s Accredited forms program underwriting partnership with Pronto
22nd March 2019
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 ... Read the full article
R&Q’s Accredited receives group rating increase from A.M. Best
21st March 2019
Accredited Surety & Casualty Company, Inc, the Florida-based insurance subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q), has had it’s A.M. Best group rating increased from VII to VIII. The increase reflects the improved balance sheet strength of Accredited and R&Q following successful equity and debt capital raises in December ... Read the full article
R&Q’s Accredited enters new program underwriting partnership with Atlas
1st August 2018
Randall & Quilter Investment Holdings Ltd. (R&Q) has announced that its wholly owned subsidiary, Accredited Surety & Casualty Company, Inc has closed its largest ever program underwriting partnership with Atlas General Services Insurance LLC. Accredited, which is a Florida-based insurance company licensed to write admitted business in all 50 U.S states, ... Read the full article
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