14 February, 2019
A.M. Best has affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a -“ of Accredited Surety and Casualty Company, Inc. (“ASC”) and Accredited Insurance (Europe) Limited (“AIEL”).
ASC and AIEL are wholly owned entities of Randall & Quilter Investment Holdings Ltd. (“R&Q”).
ASC is a Florida based US insurance company that is licenced to write admitted P&C business in all fifty states and the District of Columbia and is an ISO and AAIS subscriber. ASC partners with MGAs and similar companies and their insurance capital partners to write business on ASC licensed and admitted paper.
AIEL is a Malta based European insurance company which is licensed to write all non-life classes in all EU member states and provides a distribution channel for reinsurers. It can provide a ready-made Brexit solution to European MGAs.
In a statement, A.M. Best said: “The ratings of ASC and AIEL reflect the consolidated balance sheet strength of R&Q, which A.M. Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management”.
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