R&Q

New programs push Accredited 2020 contracted premium to $1.28bn

Five new programs in Q4 helped push contracted premium at R&Q’s Accredited program management platform to $1.28bn last year, with strong 2021 momentum in its established European and US admitted subsidiaries, and a pipeline of deals to be unveiled once its E&S platform completes its licensing process.

R&Q builds out Accredited E&S team with CUO hires

Randall & Quilter’s newly established US E&S program management platform Accredited Specialty Insurance Company (ASIC) has put in place its key underwriting executives with the hiring of Paul Amrose from Ascot and Dawn Puro from ProSight Specialty, The Insurer can reveal.

Accredited to build out E&S book with ‘focused distribution and expert underwriting’

The new A- AM Best rated E&S platform launched by R&Q’s program management business Accredited has already been shown a pipeline of business in excess of $1bn, according to the unit’s CEO Patrick Rastiello.

R&Q raises $107.75mn of debt to support program and legacy growth

Randall & Quilter (R&Q) has signed an agreement to issue $107.75mn of 13-year unsecured subordinated Tier 2 notes which will be used to support the ongoing growth of its program management and legacy-focused insurance operations, taking the amount of new capital it has raised this year to north of $200mn.

Accredited E&S platform secures A- AM Best rating

Randall & Quilter Investment Holdings’ (R&Q) newly established E&S program management business Accredited Specialty Insurance Company (ASI) has been given an A- financial strength and a- long-term issuer credit rating by AM Best.

AM Best affirms R&Q and Accredited subsidiaries

AM Best has affirmed the A- financial strength and “a- ” long-term issuer credit ratings (ICR) of R&Q’s Accredited Surety and Casualty Company (ASC) and Accredited Insurance Europe (AIEL) subsidiaries as it highlighted their pivotal role in the group’s growing program business.

R&Q to consider further MGA investments to follow Tradesman stake

Randall & Quilter (R&Q)’s management has said the firm will consider further investments in the MGA space having taken a 35 percent stake in New York-based MGA Tradesman in the third quarter.

Attune secures Accredited paper with TransRe-led reinsurance capacity

Digital MGA Attune’s new business owners’ policy (BOP) program represents a significant new relationship for expansive fronting carrier Accredited Surety and Casualty Company.

R&Q’s operating earnings up 30% in H1 2020

Randall & Quilter Investment Holdings Ltd (R&Q) said its operating earnings were up 30 percent in the first half of the year as its legacy and program management businesses performed well despite Covid-19 temporarily slowing down deal completion.

R&Q names Aon’s Rastiello to lead US E&S push

Randall & Quilter Investment Holdings (R&Q) has named former Aon Re executive and industry veteran Patrick Rastiello as CEO of its newly established US Excess & Surplus (E&S) program management business, Accredited Specialty Insurance Company (ASIC).

R&Q trades up 5% as reaches $1bn program milestone; MGA deals spike

R&Q has seen its share price rise 5 percent in morning trading following an investor update which revealed the group had surpassed a $1bn contracted premium milestone in its program management business.

R&Q sells Bermuda reinsurer Sandell Re to NY MGA Tradesman; takes 35% stake

Less than a year after acquiring Sandell Re, the legacy and program manager R&Q has sold the Bermudian reinsurer to a US MGA in a transaction that will see the platform continue to be used to underwrite live business while guaranteeing future fronting fees for the London-listed group.

R&Q’s co-founder Ken Randall to retire March 2021

The co-founder of legacy specialist and program manager Randall & Quilter (R&Q) is to step down from the role of executive chairman at the end of March 2021.

Accredited to further build out platform after hitting $1bn premium mark

R&Q’s program management and fronting specialist Accredited now has $1bn of contracted gross written premium (GWP) across its US and European platforms and has plans to further extend its footprint by geography and the paper it can offer MGA and reinsurer partners.

Setting targets is brave but shows R&Q confidence…

2019 feels a long time ago which might explain why there was a sense of a history lesson with R&Q’s strong FY results published this morning (share price up 13 percent by midday).

R&Q says 2019 an “outstanding” year as pre-tax profits leap

The London-listed legacy acquisitions and program management firm Randall & Quilter (R&Q) unveiled an 180 percent increase in 2019 pre-tax profits this morning, accompanied by a confident outlook on an accelerated demand for its services caused by the expected Covid-19 shake-out.

Accredited enters trucking program deal with Whitehill-Brazos

R&Q subsidiary Accredited Surety and Casualty Company (Accredited) has inked a deal with Brazos Specialty Risk to become an issuing carrier for its trucking division, called Whitehill.