Accredited enters arrangement with Cinium

Randall & Quilter (R&Q)'s US admitted lines subsidiary,
Accredited Surety and Casualty, has entered into a fronting
agreement with surety bond specialist Cinium Financial Services,
R&Q announced today.
Cinium provides surety bonds to SMEs in the
"non-standard" surety market. Under the deal, Accredited
will retain a small percentage of the business combined with
A-rated reinsurance.
This deal reflects R&Q's plan to expand the business
model for Accredited, which it bought in 2014.