AM Best affirms ratings

RNS Number : 9498P

Randall & Quilter Inv Hldgs Ltd

14 February 2019

 

Randall & Quilter Investment Holdings Ltd.

AM Best affirms Accredited Surety and Casualty Company Inc. and Accredited Insurance (Europe) Limited's A- financial strength ratings

14 February 2019

A.M. Best has affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a -" of Accredited Surety and Casualty Company Inc. ("ASC") and Accredited Insurance (Europe) Limited ("AIEL").

ASC and AIEL are wholly owned entities of Randall & Quilter Investment Holdings Ltd. ("R&Q").

ASC is a Florida based US insurance company that is licenced to write admitted P&C business in all fifty states and the District of Columbia and is an ISO and AAIS subscriber. ASC partners with MGAs and similar companies and their insurance capital partners to write business on ASC licensed and admitted paper.

AIEL is a Malta based European insurance company which is licensed to write all non-life classes in all EU member states and provides a distribution channel for reinsurers. It can provide a ready-made Brexit solution to European MGAs.

In a statement, A.M. Best said: "The ratings of ASC and AIEL reflect the consolidated balance sheet strength of R&Q, which A.M. Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management".

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

 

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