Randall & Quilter Investment Holdings Ltd. (‘R&Q’) the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, is pleased to announce that Accredited Specialty Insurance Company (“ASI”), R&Q’s newly formed Excess & Surplus (‘E&S’) lines carrier, has been assigned by A.M. Best Group (“AM Best”) a Financial Strength Rating of A- (Excellent), a Financial Size Category of IX, and a Long-Term Issuer Credit Rating of “a-”. The ratings have been assigned an outlook of ‘stable’.
In a statement accompanying the affirmation, AM Best noted: “The ratings of ASI reflect the consolidated balance sheet strength of R&Q, which AM Best categorizes as very strong.”
ASI is domiciled in Arizona and its AM Best rating is the final step in R&Q’s establishment of an E&S program management company. ASI is led by program management veteran Patrick J. Rastiello who joined R&Q as ASI’s CEO in September.
Additionally, AM Best also recently 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”), R&Q’s US Admitted Market program management company, and Accredited Insurance (Europe) Limited (“AIEL”) (Malta), R&Q’s European program management company