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.”
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