R&Q partners with MGA in Florida
Bermuda-based R&Q Investment Holdings unit Accredited Surety & Casualty Company has closed a programme underwriting partnership with Renaissance Managing General Agency.
From May 1, Accredited will underwrite on behalf of Renaissance, a Florida-based MGA that specializes in providing customer-focused, technologically driven private passenger automobile insurance coverage.
Florida-headquartered insurance company Accredited is licensed in all 50 states to write admitted business and will act as the programme underwriting manager on behalf of Renaissance and as a conduit between the firm and its insurance capital providers.
Earlier in April, Accredited closed a programme underwriting partnership with independent insurance managing general agent (MGA) and wholesaler American Team Managers (ATM). ATM specialises in providing cargo insurance for the US inland transportation industry.
“Accredited closed five new programme underwriting partnerships in 2017 and Renaissance is our second new one for 2018,” said Accredited CEO Todd Campbell. “With a strong pipeline of new partnerships in first half of 2018, Accredited is excited about delivering on our mission to be the programme underwriter of choice for US MGAs and their capital partners”.
Ken Randall, CEO of R&Q, added: “Accredited is at the forefront of R&Q’s new strategic focus on the provision of programme underwriting services in the US and Europe. We look forward to partnering with Renaissance and in completing other new partnerships in the second quarter, 2018”.
Join us at Intelligent Automation in Insurance - April 26th 2018, London: Book now.
More of today's news
Lemonade partners with P2P marketplace Roomi
Markel posts loss in Q1 2018 despite underwriting improvement
TMK expands intellectual property insurance offering
WTW strengthens broking platform with key appointments
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze