R&Q Formation of Accredited Specialty Insurance Company

Transaction Overview

On December 7, 2020, Randall & Quilter Investment Holdings Ltd. (“R&Q”) announced the formation and A.M. Best “A-” rating of Accredited Specialty Insurance Company (“ASI”)

  • ASI is a newly formed excess & surplus (“E&S”), Arizona-domiciled insurance company
  • ASI will focus on program / MGA business across the U.S. E&S market
  • Adds to R&Q’s U.S. admitted program carrier, Accredited Surety and Casualty Company (“ASC”)
    • In addition to European subsidiary, Accredited Insurance Europe Ltd.

ASI’s operations will be led by its recently appointed CEO, Patrick Rastiello

  • Rastiello has over 40 years of industry experience focused on MGAs / program management

R&Q is a non-life global specialty insurance company

  • Operates in two core, highly complementary businesses: Program Mgmt. and Legacy Insurance
    • Program Management generates commission income from its licensed (and rated) carriers in the U.S., EU, and U.K., writing niche and profitable program business
    • Legacy Insurance generates profits and capital extractions from expert management of run-off non-life insurance portfolios
  • R&Q is publicly traded on the AIM London Stock Exchange under the ticker RQIH

TigerRisk Capital Markets & Advisory Role

TCMA acted as Transaction Advisor to R&Q in connection with the formation of ASI

  • Provided strategic advice and evaluated alternatives to obtain an A.M. Best “A-” rating
  • Key transaction steps led by TCMA included:
    • Assistance in preparing ASI business plan and financial projections
    • Assistance in preparing modeled subject portfolio for ASI
    • Assistance in preparing A.M. Best materials to achieve desired “A-” (Excellent) rating
    • Assistance in the design of ASI’s pro forma reinsurance program