17 January 2023News

R&Q reveals strong pipeline of programmes with ~$130m GWP in 2023

Seven new programmes will begin writing business over the course of the first quarter of 2023, with an anticipated total gross written premium of approximately $130 million over next 12-15 months, global specialty insurer  R&Q revealed in an update for its programme management business.

R&Q Accredited approved partnerships with seven new programmes in December 2022, which will begin writing business over the course of the first quarter of 2023.

The company is expanding existing partnerships for Accredited America with three new programmes with Falvey Insurance Group and one with Southern Star MGA.

Additionally, the new programmes include partnerships for Accredited America with Platinum Specialty Underwriters, and Cover Whale, as well as new partnership for Accredited Europe with broker GmbH, its first MGA partner in Germany.

R&Q Insurance Holdings focuses on programme management and legacy insurance businesses.

William Spiegel, executive group chairman, said: “Our programme management business ended 2022 with a flurry of activity as we approved and began onboarding a number of new programmes. We continue focusing on diversifying our business while also deepening our relationships with existing partners.

“It is exciting to see our growth being delivered across our three platforms (US Admitted, US Non-Admitted, and Europe) including our first programme partnership in Germany. In 2023 we will see continued growth from our existing partners as well as the onboarding of further new MGAs. Our pipeline remains strong and we believe we are well placed as a partner of choice for leading MGAs in the US, UK and Europe.”

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