Onex Partners completes acquisition of Accredited
28 Juin 2024 - 2:42PM
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.”
Media Contacttom.blackwell@fticonsulting.com /
+44 (0)7747 113 919
About Accredited
Accredited is a leading P&C program manager
operating across Europe, the UK and the US, providing A- rated
insurance capacity (AM Best) across all P&C classes.
About OnexOnex invests and manages capital on
behalf of its shareholders and clients across the globe. Formed in
1984, we have a long track record of creating value for our clients
and shareholders. Our investors include public and private pension
plans, sovereign wealth funds, insurance companies, family offices
and high net-worth individuals. Onex has $50.9 billion in assets
under management, of which $8.4 billion is its own investing
capital. With offices in Toronto, New York, New Jersey, Boston and
London, Onex and its experienced management teams are collectively
the largest investors across Onex’ platforms. Onex is listed on the
Toronto Stock Exchange under the symbol ONEX. For more information
on Onex, visit its website at www.onex.com. Onex’ security filings
can also be accessed at www.sedarplus.ca.
Onex ContactJill Homenuk Managing Director –
Shareholder Relations and CommunicationsTel: +1 416.362.7711
Onex (TSX:ONEX)
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