AM Best affirms Accredited's A- rating

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Randall & Quilter Inv Hldgs Ltd

10 April 2018

 

Randall & Quilter Investment Holdings Ltd.

AM Best affirms Accredited's A- financial strength rating

10 April 2018

Accredited Surety & Casualty Company, Inc ('Accredited'), the Florida-headquartered US insurance company that is licenced to write admitted P&C business in all fifty states, has had its AM Best A- (excellent) financial strength rating affirmed.

In a statement, AM Best said the "ratings reflect Accredited's balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management".

Earlier this year, AM Best raised its A- group rating on Accredited from VI to VII to reflect the company's increased capital base and surplus.

AM Best also said it has a stable outlook on Accredited's rating as it expects "operating results will continue to be profitable".

Earlier this year, AM Best awarded Accredited's European sister company, R&Q Insurance (Malta) Limited a first-time A- rating.

For further information, please visit: www.ambest.com

Ends

Enquiries to:

Randall & Quilter Investment Holdings Ltd. www.rqih.com Ken Randall Tel: [phone] Numis Securities Limited Stuart Skinner (Nominated Adviser) Tel: [phone] Charles Farquhar (Broker) Tel: [phone] Shore Capital Stockbrokers Limited Dru Danford / Stephane Auton Tel: [phone] FTI Consulting Edward Berry/Tom Blackwell Tel: [phone]

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 Surety & Casualty Company, Inc:

Accredited Surety & Casualty Inc is an AM Best A- (VII) rated, T Listed, insurance company that has admitted licences 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. 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 specialises in developing and delivering insurance program partnerships in the US and Europe and solutions to owners of discontinued insurance business.

 

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