R&Q targets growth in European program sector with new partnership
A subsidiary of Randall & Quilter Investment Holdings (R&Q) has partnered with a UK managing general agent (MGA) to offer private motor and household insurance coverage.
Accredited Insurance (Europe) has signed a new programme underwriting partnership with CPD Underwriting Solutions, a UK MGA.
The company said the deal represents just the start of a strong pipeline of opportunities, which should see it become a major force in the European program sector.
Colin Johnson, CEO of European Program Management, said: “These two new binding authorities, written in partnership with CPD, further underline our commitment to the European program sector. We are confident that our pipeline of opportunities will see us become a major force in the coming months as we expand into other European states and different classes of business.”
Chris Dixon, CEO of CPD Underwriting Solutions, added: “We are delighted to be partnering with Accredited Insurance (Europe) with the launch of this development. Our intermediary panel will have access to Personal Lines products that have been built specifically to cater for the needs of their customers, safe in the knowledge that all participating Insurers/ Reinsurers supporting us have achieved a minimum of A- rating or above. In the days of continuing financial uncertainty this arrangement provides a great deal of security.”
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