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R&Q Investment Holdings has announced that its subsidiary, insurance company Accredited Surety & Casualty Company, has closed a new program underwriting partnership.
Starting May 01, Accredited will underwrite on behalf of Renaissance Managing General Agency, a Florida-based MGA that specializes in private passenger auto insurance coverage. Accredited, which is also headquartered in Florida, will act as the program underwriting manager on behalf of Renaissance and as a conduit between the firm and its insurance capital providers.
“Accredited closed five new program underwriting partnerships in 2017, and Renaissance is our second one for 2018,” said Accredited CEO Todd Campbell. “With a strong pipeline of new partnerships in the first half of 2018, Accredited is excited about delivering on our mission to be the program underwriter of choice for US MGAs and their capital partners.”
“Accredited is at the forefront of R&Q’s new strategic focus on the provision of program underwriting services in the US and Europe,” said Ken Randall, CEO of R&Q. “We look forward to partnering with Renaissance and in completing other new partnerships in the second quarter, 2018.”
