Accredited News

Markets/Coverages: Rokstone and Accredited Announce Multi-Year Capacity Agreement

Rokstone, the Aventum Group’s international re/insurance MGA, announced a multi-year, multi-strategy capacity agreement with Accredited Insurance Program Management, a leading global program manager. The partnership includes both US and international business. This strategic partnership marks a significant milestone for both …

People Moves: Accredited Taps SCOR’s McMurdo to Lead UK, European Operations; Aon Promotes Barcock to Lead Aviation Reins., Admiral Stavridis Appointed to Board

This edition of International People Moves details appointments at program manager Accredited UK & Europe and insurance broker Aon. A summary of these new hires follows here. Accredited Taps SCOR’s McMurdo to Lead Its UK and European Operations Accredited Insurance …

AM Best Ratings Unchanged for Accredited, Onex’s New Program Management Unit

AM Best confirms that the financial strength rating and long-term issuer credit ratings of Accredited’s subsidiary companies remain unchanged following their acquisition by Onex Partners from R&Q Insurance Holdings Ltd. — a deal that was completed on June 28. AM …

Onex Partners Completes Acquisition of R&Q’s Program Manager, Accredited

Accredited, the property/casualty program manager and subsidiary of R&Q Insurance Holdings Ltd., announced the completion of its acquisition by Onex Partners, the Toronto-based private equity company. The sale of the unit comes on the heels of R&Q’s decision on June …

R&Q Files for Liquidation in Bermuda, Agrees to Sell Legacy Unit Inceptum

R&Q Insurance Holdings Ltd. confirmed it filed on June 21 an application with the Bermuda Supreme Court to appoint provisional liquidators to oversee the liquidation and ultimately the winding up of the company. R&Q anticipated this process will result in …

R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed

R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda – after it had it had exhausted strategic alternatives for a financial rescue. At the same time, R&Q said the proposed sale of 100% of its …

R&Q Warns Its Financial Stresses Could Hit Business Stability and Lead to Liquidation

R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the “company’s stability as a business” and ultimately lead to liquidation. In a June 13 statement, R&Q acknowledges it has been struggling under the weight of …

R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss”

R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it has agreed to sell its stake in a joint venture with Obra Capital for $30 million. At the same time, …

R&Q Insurance to Sell Insurance and Program Management Unit to Canada’s Onex

Bermuda-based global specialty insurance firm R&Q Insurance Holdings said on Friday it would divest its insurance and program management business, Accredited, to Onex Corp. for an enterprise value of $465 million. Proceeds from the sale, expected to be around $300 …