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 insurance.
“These two new binding authorities, written in partnership with CPD, further underline our commitment to the European program sector,” said Colin Johnson, CEO of European Program Management at R&Q. “We are confident that our pipeline of opportunities will see us become a major force in the coming months as we expand into other European states and different classes of business.”
Chris Dixon, CEO of CPD Underwriting Solutions, commented: “We are delighted to be partnering with Accredited Insurance (Europe) Ltd. with the launch of this development. Our intermediary panel will have access to personal lines products that have been built specifically to cater for the needs of their customers, safe in the knowledge that all participating insurers/reinsurers supporting us have achieved a minimum of A- rating or above. In the days of continuing financial uncertainty this arrangement provides a great deal of security.”
Accredited Europe, which is licensed to write all non-life insurance classes in all EU member states and is A- (excellent) AM Best rated, provides a ready-made distribution channel for reinsurers and can provide a ready-made Brexit solution to European MGAs.
Source: Randall & Quilter Investment Holdings
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