Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary, Accredited Insurance (Europe) Ltd., has signed a new program underwriting partnership with Stabilis MGA Ltd., a UK managing general agent (MGA) that sells private motor insurance.
Colin Johnson, CEO of European Program Management, said: “We are delighted to confirm this transaction and to add Stabilis to our high-quality MGA European program offering. We also continue to have a strong pipeline which will enable us in 2019 to partner with a number of impressive MGAs across the UK and Europe over multiple insurance classes.”
”Having built a strong infrastructure in both Malta and London we are now seeing the fruits of that hard work,” said Ken Randall, R&Q CEO and chairman.
Accredited Europe, which is licensed to write all non-life insurance classes in all EU member states, provides a ready-made distribution channel for reinsurers and can provide a ready-made Brexit solution for European and UK-based MGAs.
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