Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary Accredited Insurance (Europe) Ltd. has signed a new program underwriting partnership with Kitsune Ltd., a UK managing general agent that provides private motor insurance.
Kitsune is one of a number of programs targeted for completion before year end, said Colin Johnson, CEO of European Program Management at R&Q. “We are delighted to confirm this transaction and to add Kitsune to our stable of top quality MGAs. Our pipeline remains strong allowing us to partner with experienced and well respected businesses in a number of insurance classes throughout Europe,” he added.
Ken Randall, R&Q CEO and chairman, added: “This transaction underlines our commitment to supporting high quality program business throughout the European Union and highlights the critical role that Accredited continues to play in this arena.”
Accredited, which is licensed to write all non-life classes in all EU member states and is ‘A-‘ (excellent) A.M. Best rated, provides a distribution channel for reinsurers and can provide a ready-made Brexit solution to European MGAs, said R&Q in a statement.
Source: Randall & Quilter Investment Holdings
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