Program underwriting partnership

RNS Number : 2221R

Randall & Quilter Inv Hldgs Ltd

28 October 2019

 

Randall & Quilter Investment Holdings Ltd.

Accredited announces new program underwriting partnership with MG Skinner & Associates Insurance Agency, Inc.

28 October 2019

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 M. G. Skinner & Associates Insurance Agency, Inc. ("MG Skinner"). 

Accredited will be the issuing carrier on behalf of MG Skinner for Directors & Officers ("D&O") and Crime coverage offered to community associations primarily in the western states such as California, Texas, and Arizona (additional states as progress allows).  MG Skinner, of Los Angeles, California, operates as a specialty insurance broker and program administrator licensed in all 50 states, providing proprietary property and liability products of insurance under the brand name Skinner Select, for habitational, commercial, hospitality, and community association assets.

Todd Campbell, President and CEO of Accredited, commented: "MG Skinner is a leading MGA producing property and liability insurance for community associations in the US market and has an excellent reputation in their industry. We are pleased to partner with them as they seek to expand their D&O and Crime coverage business. Accredited has a growing pipeline of new partnerships for 2019 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".

Mike Skinner, President of MG Skinner, added: "We appreciate the effort put in by the Accredited team to bring our D&O and Crime to the marketplace. This partnership will allow us to offer quality products, competitively priced and professionally serviced specifically targeted for condominiums and homeowners association."

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Enquiries to:

Accredited Surety and Casualty Company, Inc.                     www.accredited-inc.com

Todd Campbell                                                                         Tel: [phone]

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 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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