R&Q strikes motor agreement with Forestry Insurance Company
Property/casualty insurer Accredited Surety and Casualty Company (ASC), a subsidiary of Randall & Quilter (R&Q), has stricken an agreement with Forestry Insurance Company for its commercial auto liability business in South Carolina and Georgia.
ASC will not retain any portion of the business as it will be fully reinsured. The company anticipates up to $5 million annual gross written premium for this business.
Forestry Insurance Company specializes in commercial general liability for niche logging operators in South Carolina and Georgia.
“We are pleased to announce the launch of this specialist program, soon after the launch of Atlas Western Trade Craft,” said R&Q CEO Ken Randall. “This program is supported by a collateralised captive with an excellent panel of highly rated excess reinsurers behind.”
Get the latest re/insurance news sent to your inbox every day - Sign up to our free email newsletters
Other stories from Wednesday's AM newsletter
Swiss Re appoints new head of casualty reinsurance
Nat cat costs push RenaissanceRe into loss in Q3
Fidelis launches first MGA, hires Hiscox Re head of specialty
Aon completes €295m Unirobe Meeùs Groep acquisition
Beazley launches financial lines products in Asia
Sompo launches global agriculture re/insurance platform initiative
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze