R&Q

AM Best ends review and affirms A- ratings on R&Q after $130mn equity raise

R&Q Insurance Holdings has had the A- ratings of its Accredited carrier subsidiaries affirmed by AM Best and removed from under review with negative implications following the successful £107.3mn ($129.5mn) capital raise by the fast-growing legacy specialist and program manager.

Pressure release for Accredited owner with upsized fundraise

Randall & Quilter (R&Q) – the UK-listed owner of fast-growing program manager and fronting platform Accredited – last week revealed pricing of an upsized placement with institutional investors, directors and management to raise around £103mn ($125mn).

R&Q highlights strong Q1 performance of program arm Accredited as GWP climbs 92%

Randall & Quilter (R&Q) saw gross written premium (GWP) climb 92 percent to $370mn in the first quarter in its Accredited program management business, with the unit’s fee income more than doubling year on year.

The Continental shift

After strong premium and fee income growth in 2021, Accredited Insurance (Europe) Limited (AIEL) expects 2022 to be a year of consolidation after a five-year build-out but continues to seek ‘best in class’ MGAs within its appetite. Program Manager talks to Nick Evers and Magnus Heimann about balancing opportunities in a burgeoning market with the need for long-term stability…

R&Q Accredited now predicting $1.75bn GWP as program demand surge accelerates

Fronting specialist R&Q Accredited is now on course to write $1.75bn in gross premium across its multiple MGA relationships in 2022, a year ahead of schedule.

Brickell deal is business as usual for R&Q and Accredited: Spiegel

The proposed £482mn deal for existing shareholder Brickell to buy up the rest of Randall & Quilter (R&Q) will not change the way the business is operated and will allow it to continue its current strategy.

Rokstone launches $5mn US construction program with R&Q’s Accredited

Rokstone Construction Risk Underwriters has secured A rated capacity on a non-admitted basis with Randall & Quilter’s Accredited America to launch a $5mn follow-form lead excess insurance program for the US market.

Corvus partners with Accredited to enter FI market with A+ rated reinsurance panel

Corvus Insurance has entered the financial institutions market in partnership with Randall & Quilter’s hybrid fronting carrier Accredited and backed by a panel of A+ rated reinsurers with the commercial insurtech’s newly formed captive Corvus Reinsurance Company also sharing the risk, The Insurer can reveal.

Orchid partners with R&Q’s Accredited on personal lines coastal program

Specialty catastrophe-exposed property MGU Orchid Underwriters Agency has announced a new partnership with Randall & Quilter’s Accredited America to direct fresh personal lines capacity to coastal markets that are under significant strain from recent catastrophic events.

Accredited enjoys the fruits of buoyant program market but lays credit to years of patience and back-office build-out

The rapid expansion of the US fronting and program management sector over the past 12-18 months has been a positive feature of the P&C industry at a time of Covid gloom.

R&Q’s Accredited sees H1 GWP soar 80% after 13 new programs added

Randall & Quilter’s Accredited Program Management added 13 new programs during the first half of 2021 with the expansive platform’s gross written premium increasing 80 percent year on year to $445mn during the period.

Accredited continues European expansion with Heca partnership

Randall & Quilter’s European program manager Accredited Insurance (Europe) has signed a program underwriting partnership with Italian MGA Heca.

Dual and R&Q’s Accredited extend partnership with new US D&O offering

Howden’s US underwriting arm Dual Commercial has launched a public company D&O insurance program which will offer limits up to $10mn via Randall & Quilter (R&Q)’s program manager Accredited.

R&Q targets program management opportunities from ongoing MGA boom

Randall & Quilter (R&Q) executive chairman William Spiegel has set out a vision for continued growth across the group’s program management and legacy arms following a strong result for both the full year 2020 and first quarter of 2021.

R&Q program management value creation “becoming more tangible”: Numis

Randall & Quilter (R&Q)’s expanding program management business Accredited will likely see contracted premium reach $1.78bn by the end of 2022, according to Numis Securities.

R&Q’s co-founder Randall retires as Spiegel named executive chairman

Ken Randall, the co-founder of Bermuda-headquartered legacy acquisition and program management firm Randall & Quilter Investment Holdings Ltd (R&Q), has retired from the role of executive chairman after 30 years at the helm.

Pet insurtech Bought By Many launches in the US with Accredited America

Insurtech Bought By Many is set to roll out its pet insurance coverage in the US this month, in partnership with program manager Accredited America, The Insurer can reveal.

R&Q to increase stake in NY MGA Tradesman to 40%; exit Roosevelt Road Re

Program management and legacy insurance specialist Randall & Quilter Investment Holdings (R&Q) has agreed a deal to increase its investment in New York-based MGA Tradesman Program Managers from 35 percent to 40 percent.

Accredited signs up Southern Star NAFTA program as first E&S deal

R&Q’s Accredited America platform has onboarded the first deal at its recently launched E&S carrier, with a partnership with Southern Star MGA that targets North American Free Trade Agreement (NAFTA) cross border trucking business, The Insurer can reveal.

R&Q consolidates its US program businesses as Accredited America; ex-Aon exec Rastiello to lead

Following its recent entry into the US E&S market, Randall & Quilter Investment Holdings Ltd (R&Q) has consolidated its two US program operations as Accredited America under the leadership of former Aon executive Pat Rastiello.