• Strategy
  • Innovation
  • Expertise

Accredited Surety and Casualty Announces Agreement with Cinium Financial Services Corp.

19 January, 2017

Accredited Surety and Casualty Company, Inc. (“ASC”), a subsidiary of Randall & Quilter (“R&Q”), is pleased to announce it has entered into an agreement with Cinium Financial Services Corp. (“Cinium”).  Cinium specializes in providing surety bonds to small and mid-size companies in the “non-standard” surety market.  ASC will retain a small percentage of the business combined with A rated reinsurance.

Accredited Surety and Casualty Company, Inc. is a Florida domiciled property and casualty insurance company.  It is rated “A- Excellent” by A.M. Best.  ASC was purchased in November 2014 by Randall & Quilter as part of its strategy to underwrite admitted business in the United States.

Ken Randall Chairman and Chief Executive Officer of R&Q, commented:

“We have successfully launched the first phase of our plan to broaden the business model for Accredited, which was acquired by the Group at the end of 2014.  Accredited is authorised to underwrite a wide range of domestic insurance business across the USA.

With the support of a number of highly rated domestic, Lloyd’s and international reinsurers, our aim is to generate sustainable service fee income for the group.  I believe that Accredited has the potential to become a meaningful source of income for Lloyd’s and other international reinsurers who are not authorised to underwrite such domestic USA business.

We see significant growth potential for Accredited and we expect to be making further announcements in due course, as and when specific transactions have been concluded.”

Click here for the full Press Release

Accredited Surety and Casualty Announces Agreement with Cinium Financial Services Corp.

Latest News

Notice of Results
Notice of Results

Randall & Quilter Investment Holdings Ltd, (AIM-RQIH), the leading non-life global speciality insurance company focussing on Program Management and Legacy Insurance businesses, announces that it expects to publish its results for the year ended 31 December 2020 on the 24 …

William Spiegel succeeds Ken Randall as Executive Chairman
William Spiegel succeeds Ken Randall as Executive Chairman

Ken Randall retires 30 years after co-founding the Company. Randall & Quilter Investment Holdings Ltd, (AIM-RQIH) (“R&Q”), the leading non-life global speciality insurance company focussing on Program Management and Legacy Insurance businesses, today confirms that, further to the announcement made …

70 million senior unsecured floating rate notes due 2028 – passing of Written Resolution
70 million senior unsecured floating rate notes due 2028 – passing of Written Resolution

Notice of passing of a Written Resolution Randall & Quilter Investment Holdings Ltd. (the “Issuer”) announces that the written Noteholders’ resolution put to the Noteholders on 24 March 2021 (the “Resolution”) has been passed by the requisite majority. The Issuer …