Randall & Quilter Inv Hldgs Ltd Accredited announces underwriting partnership
April 25 2018 - 2:00AM
RNS Non-Regulatory
TIDMRQIH
Randall & Quilter Inv Hldgs Ltd
25 April 2018
Randall & Quilter Investment Holdings Ltd.
Accredited announces new program underwriting partnership with
Renaissance Managing General Agency, LLC
25 April 2018
R&Q Investment Holdings Ltd ('R&Q'), is pleased to
announce that Accredited Surety & Casualty Company, Inc
('Accredited') the Florida-headquartered insurance company that is
licensed in all 50 states to write admitted business, has closed
another program underwriting partnership in 2018. Accredited is a
subsidiary of R&Q.
From 1 May, Accredited will underwrite on behalf of Renaissance
Managing General Agency, LLC, a highly regarded Miami,
Florida-based MGA that specializes in providing customer-focused,
technologically driven private passenger automobile insurance
coverage.
Florida-headquartered Accredited will act as the program
underwriting manager on behalf of Renaissance and as a conduit
between the firm and its insurance capital providers.
Todd Campbell, CEO of Accredited, commented: "we are delighted
to be working with Renaissance, a leading Florida writer of
non-standard auto coverage."
"Accredited closed five new program underwriting partnerships in
2017 and Renaissance is our second new one for 2018. With a strong
pipeline of new partnerships in first half of 2018, Accredited is
excited about delivering on our mission to be the program
underwriter of choice for US MGAs and their capital partners".
Ken Randall, CEO of R&Q, added: "Accredited is at the
forefront of R&Q's new strategic focus on the provision of
program underwriting services in the US and Europe. We look forward
to partnering with Renaissance and in completing other new
partnerships in the second quarter, 2018".
Ends
Enquiries to:
Randall & Quilter Investment Holdings www.rqih.com
Ltd.
Ken Randall Tel: 020 7780 5945
Numis Securities Limited
Stuart Skinner (Nominated Adviser) Tel: 020 7260 1000
Charles Farquhar (Broker) Tel: 020 7260 1000
Shore Capital Stockbrokers Limited
Dru Danford / Stephane Auton Tel: 020 7408 4090
FTI Consulting
Edward Berry/Tom Blackwell Tel: 020 3727 1046
Notes to Editors:
About R&Q
The overall mission of the Bermuda based Group is to:
-- Generate profits and capital extractions from expert
management of legacy non-life insurance acquisitions/reinsurances,
including in Lloyd's; and
-- Grow commission income from its licensed (and rated) carriers
in the US and EU/UK, writing niche and profitable programme
business, largely on behalf of highly rated reinsurers.
Our aim is to continue to grow sustainable profit streams to
support our business model and increase book value and cash
distributions to shareholders.
The Group was founded by Ken Randall and Alan Quilter in
1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
About Accredited:
Accredited Surety & Casualty Company, Inc is an AM Best A-
(VII) rated, T Listed, insurance company that has admitted licenses
to operate in all fifty states and is an ISO and AAIS
subscriber.
Forty-five years old, Accredited partners with MGAs and similar
companies and their insurance capital partners to write business on
Accredited Surety & Casualty licensed and admitted paper.
Accredited closed five new program underwriting partnerships
with MGAs across the US in 2017, and earlier this month it unveiled
a new arrangement with American Team Managers. With a strong
pipeline, Accredited expects to be one of the fastest growing US
program insurers in 2018.
Accredited is part of the R&Q Group, a company listed on the
London Stock Exchange that specializes in developing and delivering
insurance program partnerships in the US and Europe and solutions
to owners of discontinued insurance business.
www.accredited-inc.com
About Renaissance:
Renaissance MGA is a collaboration of senior automobile
insurance industry executives with over one hundred and forty years
of experience in the South Florida Auto Market. Renaissance is
committed to fulfilling the consumer's needs while demystifying the
auto insurance process. By fully using technology along with
industry knowledge, Renaissance will continue to battle insurance
fraud to offer its clients the most affordable coverage.
www.gorenaissance.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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