Accredited Surety and Casualty Company, Inc. (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with Forestry Insurance Company of the Southeast to acquire its commercial auto book of business.
Forestry specializes in commercial general liability for niche logging operators in South Carolina and Georgia. ASC will not retain any portion of the business as it will be fully reinsured. ASC anticipates up to $5 million annual gross written premium for this business.
Accredited Surety and Casualty Company, Inc. is a Florida domiciled property and casualty insurance company. It is rated “A- Excellent” by A.M. Best.
Topics Mergers & Acquisitions Auto Commercial Lines Business Insurance
Was this article valuable?
Here are more articles you may enjoy.
Hacking Group Claims Major Hack of Novo Nordisk and Attempted $25M Extortion 
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
