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”.
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