May 12, 2017
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce its wholly owned ‘A-‘ A.M. Best-rated, US-admitted insurer Accredited Surety and Casualty (“Accredited”) has entered into an agreement to provide a Blanket Vehicle Single Interest Insurance Policy. Accredited will offer and administer the BVSI Policy together with certain subsidiaries of a US financial corporation. Accredited has no net exposure as the transaction is fully reinsured..
Ken Randall, Chairman and Chief Executive Officer of R&Q, explained “We are delighted to complete another transaction in the US through Accredited. The pipeline for additional programs projected to be closed in 2017 is strong. Accredited is authorised to underwrite a wide range of domestic insurance business across the US and is approved to accept loss portfolio transfers of certain classes of domestic US legacy business.”