R&Q Investment Holdings has announced that its subsidiary, Accredited Surety & Casualty Company, has closed a program underwriting partnership with American Team Managers (ATM).
Starting April 01, Accredited became the issuing carrier on behalf of ATM, an independently owned insurance MGA and wholesaler specializing in cargo insurance for the US inland transportation industry.
Accredited will act as the insurer on behalf of ATM on a fully reinsured basis, and as a conduit between ATM and its insurance capital providers. The cargo insurance program provides coverage in 12 states, with limits of up to $250,000, R&Q said.
Accredited completed five new program partnerships in 2017, according to Todd Campbell, the company’s president and CEO.
“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 insurer of choice for US MGAs and their capital partners,” he said.
“Accredited is delivering on our mission to be a leading provider of program underwriting services to MGAs/MGUs,” said R&Q CEO Ken Randall. “We look forward to partnering with ATM and in completing other new partnerships in the second quarter, 2018.”
