Accredited announces new underwriting program

RNS Number : 3294G

Randall & Quilter Inv Hldgs Ltd

17 March 2020

 

Randall & Quilter Investment Holdings Ltd.

Accredited announces new underwriting program with Brazos-Whitehill

17 March 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 underwriting relationship with Brazos Specialty Risk, Inc. dba Whitehill, the Trucking Division at Brazos.

From 1 February 2020, Accredited will be an issuing carrier on behalf of Brazos and its long-haul trucking insurance programs.  Accredited's product with this account will include commercial liability only.  Accredited will initially provide coverage in Brazos' top states which include California, Texas, Illinois, Florida and Georgia, and expect to be fully functional in 40 states by the end of 2020.

Todd Campbell, President and CEO of Accredited, commented:  "Brazos, headquartered in Texas with offices in the Dallas metro area, Kansas City , MO and South Florida is a leading provider of Commercial Auto Liability and other coverage in the 'for hire' motor carrier segment and we are pleased to enter into this arrangement with them. They have an excellent reputation in their industry and the established platform and resources to support their program plans. Accredited has a growing number of new arrangements for 2020 and we are excited to be delivering on our mission to be the program underwriter of choice for US MGAs, MGUs, program owners and their capital partners".

Tom Spitalny, President of Brazos-Whitehill added: "We are very excited about this new platform and the wealth of experience and knowledge that Accredited brings. We will continue to capitalize on our long-term strategy of consistent underwriting returns, extremely efficient process and long-term relationship with our distributors. We will also deploy an innovative claims approach that will only add to capital returns and is a first in the MGA model."

Alan Quilter, R&Q CEO, said: ''This program underwriting relationship underlines 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. Our pipeline is strong, and we expect to announce further program underwriting partnerships shortly".

Ends

Enquiries to:

Randall & Quilter Investment Holdings Ltd. www.rqih.com 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

 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 program 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

 

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