Accredited, the property/casualty program manager and subsidiary of R&Q Insurance Holdings Ltd., announced the completion of its acquisition by Onex Partners, the Toronto-based private equity company.
The sale of the unit comes on the heels of R&Q’s decision on June 21 to file for liquidation in Bermuda, after facing months of growing financial difficulties.
Accredited will now operate as an independent program management company providing “A-” rated (AM Best) insurance capacity in Europe, the UK and the US. Accredited write