# R&Q Insurance Holdings Accredited recognised as an Independent Rating Unit

- Link: https://www.directorstalkinterviews.com/rq-insurance-holdings-accredited-recognised-as-an-independent-rating-unit/4121122525
- Published: 2023-06-26T07:11:15+01:00
- Author: Jacob Brown

**R&Q Insurance Holdings Ltd**, ([LON:RQIH](https://www.directorstalkinterviews.com/company/randall-quilter/rqih.l)),
the leading non-life global specialty insurance company focusing on Program Management(“
Accredited”) and Legacy Insurance (“R&Q Legacy”) businesses, has announced that 
AM Best has recognized Accredited as an independent ratings unit, distinct from 
R&Q.

AM Best has maintained the Financial Strength Rating of A- (Excellent)**\*** of 
Accredited Specialty Insurance Company (ASI), Accredited Surety and Casualty Company,
Inc. (ASC) and Accredited Insurance (Europe) Limited (AIEL), collectively known 
as Accredited**.** In providing the ratings, AM Best cited Accredited’s balance 
sheet strength, which AM Best assessed ‘as very strong.’

This rating is an important part of establishing Accredited as a stand-alone entity,
demonstrating its financial strength to MGA and reinsurance partners. As recently
announced, Accredited has already achieved the necessary approvals to operate as
a separate holding company within the Group and a process is underway for the potential
sale of Accredited with interest expressed from a number of parties.

> **William Spiegel, R&Q Insurance Chief Executive Officer**, commented: “Since 
> announcing our strategic plan to separate Accredited and R&Q Legacy we have moved
> at pace to realize this objective. Securing an independent rating for Accredited
> is a critical milestone, underpinning its exciting prospects as a standalone business.
> As we recently announced, Accredited has enjoyed an excellent start to 2023 with
> Gross Written Premium for the 12 months ended 31 March 2023 of ~$2 billion. This
> independent AM Best rating will give the team, and their partners in the market,
> continued confidence as we build on Accredited’s position as a leading global 
> independent hybrid carrier.” 

_*Rating remains ‘under review’ pending finalization of sale process_

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