R&Q strikes underwriting partnership with MGA

Randall & Quilter Investment Holdings' (R&Q's) subsidiary Accredited Surety & Casualty Company has 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. Florida-headquartered Accredited is licensed in all 50 states to write admitted business.

Accredited will act as the insurer on behalf of ATM, on a fully reinsured basis, and as a conduit between the firm and its insurance capital supplier providing infrastructure and licenced paper to enable ATM to focus on servicing its customers. The cargo insurance programme provides coverage in 12 western states with limits of up to $250,000.

Ken Randall, CEO of R&Q, said: “Accredited is delivering on our mission to be a leading provider of programme underwriting services to MGAs/MGUs. We look forward to partnering with ATM and in completing other new partnerships in the second quarter, 2018.”

Todd Campbell, president and CEO of Accredited, commented: “Accredited completed five new programme underwriting partnerships in 2017. With a strong pipeline of new partnerships in first half of 2018, Accredited is excited about delivering on our mission to be the programme insurer of choice for US MGAs and their capital partners.”

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