program management News

R&Q Announces Capital Raise of $50M-$60M, Completes Reorganization

R&Q Insurance Holdings, (R&Q) the non-life speciality insurer that focuses on program management and legacy insurance business, announced a capital raise of $50 million to $60 million. In addition, it has completed a planned reorganization to separate Accredited (its program …

AM Best Places Ratings of R&Q and Subsidiaries Under Review with Neg. Implications

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of R&Q Insurance Holdings’ three wholly owned program management subsidiaries: Accredited Surety and Casualty Co. …

R&Q Weighs Separation of Program Management and Legacy Insurance Businesses

R&Q Insurance Holdings Ltd., the non-life global specialty insurance company that focuses on program management and legacy insurance businesses, announced that the board of R&Q is reviewing strategic options to separate these businesses. R&Q said its Program Management business, Accredited, …

R&Q’s Accredited Europe Signs 6-Year Program Management Deal with UK Insurtech

The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., announced it has signed a six-year program management agreement with Policy Expert, a UK Insurtech providing home and motor insurance to over …

Iowa’s UFG, Topsail Re Agree on Program Management Sharing Plan

UFG Insurance, based in Cedar Rapids, Iowa, and Topsail Re have agreed to share program management and risk for certain lines of business. According to UFG, the new agreement is a companion lines arrangement wherein UFG and Topsail Re will …

R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Stabilis

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 …

R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Kitsune

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 …

R&Q’s EU Program Manager, Accredited, Forms Partnership with CPD Underwriting

Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary Accredited Insurance (Europe) Ltd. has signed a new program underwriting partnership with CPD Underwriting Solutions Ltd., a UK managing general agent, providing both private motor and household …

NSM Acquires Louisiana’s KBK Insurance Group

NSM Insurance Group has acquired the assets of Harahan, Louisiana-based program manager, KBK Insurance Group. With over 25 years of experience, KBK specializes in the towing and transportation industries. NSM Insurance Group is continuing to grow organically and through strategic …

Randall & Quilter Forms New Unit for U.S., European Program Management Business

Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses. Accompanying this initiative is a renaming of R&Q’s Malta domiciled insurance platform, R&Q Insurance …