Randall & Quilter (R&Q)
AM Best takes rating action following Accredited acquisition
AM Best has removed from under review with developing implications and affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Accredited.
AM Best keeps Accredited ratings unchanged during sale turmoil
AM Best has confirmed that the A- (Excellent) ratings of R&Q-owned Accredited remain in place but are still under review.
R&Q ponders liquidation route as Accredited sale to Onex drags on
Accredited owner R&Q Insurance Holdings has confirmed the possibility of filing for a provisional liquidation in Bermuda and then completing the sale of Accredited to Onex through that process.
SRG adds Accredited capacity to MX
Specialist Risk Group’s managing general agent, MX, has sealed a capacity deal with Accredited Insurance (Europe).
Accredited downgrade threat on hold as R&Q agrees $465m sale to Onex
R&Q Insurance Holdings has entered into a conditional agreement with Canadian investment business Onex Corporation to sell 100% of the equity interest in its front business Accredited.
Resilience ups cyber limits with RSA/Accredited capacity deal
Cyber insurance provider Resilience has expanded its underwriting capacity limits to £10m for insureds in the UK and European Union.
Could regulators stymie the growth of the fronter market in the UK?
The failure of Vesttoo in the US has only increased scrutiny on fronters in the UK. But as Saxon East discovers the emergence of Bridgehaven and continued growth of the MGAs, mean that they still have a potentially bright future.
Accredited’s GWP up 34% in first half of 2023
For sale insurance fronting business Accredited has reported gross written premium of $1.1bn (£900m) for the first half of 2023, a 34% increase compared with the same period in 2022.
R&Q in ‘advanced’ talks for sale of Policy Expert capacity backer Accredited
R&Q Insurance Holdings has admitted that it is in advanced discussions with Canadian investment business Onex for the sale of its fronting business Accredited.
Capacity provider Accredited backs MGA home specialist
Accredited Insurance (Europe) has backed managing general agent Integra Insurance Solutions with fresh capacity.
Up-for-sale capacity provider Accredited’s profits soar despite group loss
Accredited, one of the major capacity providers to managing general agents in the UK, has reported a 76% rise in gross written premium to $1.8bn (£1.4bn) in 2022.
Buyers circle up-for-sale UK motor capacity provider Accredited
Accredited is in a sale process with a number of buyers interested in purchasing the business, owner R&Q has confirmed.
People Moves: 27 - 31 March 2023
Keep up to date with the latest personnel moves within the insurance industry.
Accredited Europe looks to partner with UK MGAs as premium nears £500m
Randall and Quilter’s European program arm, the capacity backer of Policy Expert and Inperio, is looking to partner with UK managing general agencies.
Qmetric swings to loss
Policy Expert owner Qmetric Group Holdings has posted a post-tax loss of £9.99m as gross written premium broke through the £200m barrier.
Broker PI expert Inperio extends capacity deal with Accredited until 2027
Accredited Insurance (Europe), the wholly owned subsidiary of R&Q Insurance Holdings, has signed a long-term extension with professional indemnity specialist managing general agent Inperio (London).
Accredited deal sees QIC exit, Policy Expert confirms
Policy Expert’s capacity deal of up to £2bn over six years with Accredited Insurance will replace its existing arrangement with QIC Europe when the current contract expires, the business has confirmed to Insurance Age.
R&Q and Brickell deal collapses
R&Q has detailed plans to raise $108m (£85.8m) as the proposed takeover by Brickell fell through.
Brickell seeks to cancel £482m R&Q takeover deal
Randall & Quilter has revealed that Brickell has cited a “material breach” and moved to scrap the proposed takeover.
Policy Expert signs six-year £2bn capacity deal with R&Q Accredited Europe
Home and motor insurtech Policy Expert has agreed a six-year capacity deal with A- rated R&Q subsidiary Accredited Insurance (Europe).
R&Q delays shareholder vote on takeover
R&Q has postponed the shareholder vote on being bought by Brickell until 25 May.