Accredited Insurance (Europe) Limited, the A- rated subsidiary of Randall & Quilter Investment Holdings Ltd, has agreed a six-year, £2bn capacity deal with home and motor insurance provider Policy Expert. Policy Expert wrote its first home policy in 2011 and expanded into motor in 2019.

Colin Johnson, CEO of Accredited, said: “Policy Expert is a perfect fit for Accredited as we continue to diversify our business and partner with an exciting mix of niche and ‘Super’ MGAs.”

Steve Hardy, executive chairman of Policy Expert, added: “Policy Expert has enjoyed over a decade of uninterrupted growth, fuelled by proprietary technology which has driven us from start-up to become a heavyweight insurtech that is firmly established as one of the UK’s major insurance providers.

“I am delighted to have agreed a long-term capacity arrangement with R&Q Accredited, which gives us a platform to significantly expand on our current position.”

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