R&Q expands partnerships for Accredited America
The programme management business of Bermudian-based R&Q Insurance Holdings Ltd, the non-life global specialty insurance company, finished 2022 with a flourish.
The company said R&Q Accredited approved partnerships with seven new programmes in December, which will begin writing business over the course of the first quarter of 2023, with an anticipated total gross written premium of approximately $130 million over the next 12 to 15 months.
The new programmes include expanding existing partnerships for Accredited America with three new programmes with Falvey Insurance Group and one with Southern Star MGA; new programme partnerships for Accredited America with Platinum Specialty Underwriters LLC and Cover Whale; and a new programme partnership for Accredited Europe with broker GmbH, its first MGA partner in Germany.
William Spiegel, executive group chairman, said: “Our programme management business ended 2022 with a flurry of activity as we approved and began onboarding a number of new programmes.
“We continue focusing on diversifying our business while also deepening our relationships with existing partners. It is exciting to see our growth being delivered across our three platforms (US Admitted, US Non-Admitted, and Europe) including our first programme partnership in Germany.
“In 2023, we will see continued growth from our existing partners as well as the onboarding of further new MGAs. Our pipeline remains strong and we believe we are well placed as a partner of choice for leading MGAs in the US, UK and Europe.”