Program underwriting partnership

RNS Number : 9388B

Randall & Quilter Inv Hldgs Ltd

13 October 2020

 

Randall & Quilter Investment Holdings Ltd.

Accredited announces new program underwriting partnership with Attune Insurance

13 October 2020

Accredited Surety and Casualty Company, Inc. ("Accredited"), a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd. ("R&Q") and a Florida domiciled insurance company licensed in all 50 states to write admitted business, is pleased to announce that it has entered into a new program partnership with Attune Insurance ("Attune"), which is a program administrator and has specific experience in commercial insurance programs, currently managing a Business Owners' Policies (BOP) program with over $100M in written premium in 2019.  For this program, Attune will target commercial properties used for business owners and provide property, general liability, crime, and equipment breakdown coverage.  Starting in October 2020, Accredited will be an issuing carrier on behalf of Attune.

Todd Campbell, President and CEO of Accredited, commented: "Attune is a dynamic and growing technology-driven General Agent (GA).  We are pleased to be their partner for this next stage of their business evolution. Accredited has a growing pipeline of new partnerships for 2020 and we are excited to be delivering on our mission to be the program underwriter of choice for US Managing General Agents (MGAs), Managing General Underwriters (MGUs), program owners and their capital partners."

James Hobson, CEO of Attune added: "Partnering with Accredited was a natural fit. They not only bring deep insurance expertise, but they also share our commitment to delivering a great customer experience. Our platform enables a frictionless experience for brokers to serve their small business customers in a matter of minutes with tailored products and this partnership enables us to provide additional coverage options to our customers. We are excited to launch a new version of our BOP product and to build additional products in the future with the Accredited team."

Alan Quilter, R&Q Group CEO, said: ''This is an exciting new partnership with a significant sized account and we look forward to a growing relationship with the Attune team. Working with Attune is further evidence of our commitment to supporting high quality program business, with superior MGAs, across the US and highlights the important role that Accredited plays in this arena.

Ends

Enquiries to:

Accredited Surety and Casualty Company, Inc.        

Todd Campbell         Tel: [phone] 

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

Notes to Editors:

About R&Q

R&Q is a non-life global specialty insurance company operating two core, highly complementary, businesses: Program Management and Legacy Insurance. Both these businesses are leaders in markets with high barriers to entry and significant secular growth opportunities.  

Legacy Insurance generates profits and capital extractions from expert management of legacy non-life insurance portfolios. Program Management generates commission income from its licensed (and rated) carriers in the US, EU and the UK, writing niche and profitable program business, largely on behalf of highly rated reinsurers.

For the financial year ended 31 December 2019 R&Q reported pre-tax profits of over £40 million.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website : www.rqih.com  

 

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