Accredited, a leading global P&C program manager, is pleased to confirm the successful completion of its acquisition by Onex Partners.
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 writes more than $2.1 billion of gross premium and partners with MGAs on over 70 programs.
William Spiegel, CEO of Accredited, commented, “As an independent platform, we will continue to partner with best-in-class MGAs and reinsurers, supported by our global scale, strong balance sheet and A- AM Best financial strength rating. Our strategy remains unchanged; we will focus on supporting the growth of our MGA partners and delivering high quality, diversified business to our reinsurance partners.”
Adam Cobourn, Managing Director at Onex Partners, said, “Accredited has established itself as a leading program manager with a differentiated transatlantic footprint, a well-diversified and high-quality book of business, deep reinsurer relationships and robust underwriting and risk management protocols. We look forward to partnering with Accredited's management and employees to strengthen and grow the business. As an independent company, Accredited will be well positioned for responsible growth with a strong balance sheet and backing from Onex Partners.”
