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Accredited Insurance (Europe) Limited has signed a programme underwriting partnership with UK managing general agent CPD Underwriting Solutions.
Licensed to write non-life insurance classes in EU member states, the Randall & Quilter (R&Q) wholly owned subsidiary provides a ready-made distribution channel for reinsurers and can bring a Brexit solution to European MGAs. Its new partner offers private motor and household insurance.
‘’These two new binding authorities, written in partnership with CPD, further underline our commitment to the European programme sector,” noted Colin Johnson, chief executive of European programme management at R&Q.
“We are confident that our pipeline of opportunities will see us become a major force in the coming months as we expand into other European states and different classes of business.”
Meanwhile in the view of CPD Underwriting Solutions CEO Chris Dixon, the arrangement provides “a great deal of security” amid continuing financial uncertainty.
“We are delighted to be partnering with Accredited Insurance (Europe) Limited with the launch of this development,” commented Dixon.
“Our intermediary panel will have access to personal lines products that have been built specifically to cater for the needs of their customers, safe in the knowledge that all participating insurers/reinsurers supporting us have achieved a minimum of an A- rating or above.”
