Accredited Insurance (Europe), a wholly-owned European subsidiary of Randall & Quilter Investment, has signed a new programme underwriting agreement with and UK-based CPD Underwriting Solutions.

CPD, which operates as a managing general agent (MGA), delivers both private motor and household insurance in the region.

Accredited has been licensed to write non-life insurance classes in EU member states. The company offers a ready-made distribution channel for reinsurers and can bring a Brexit solution to European MGAs.

Commenting on the collaboration, Randall & Quilter Investment chief executive of European programme management Colin Johnson said: “These two new binding authorities, written in partnership with CPD, further underline our commitment to the European programme sector.

“We are confident that our pipeline of opportunities will see us become a major force in the coming months as we expand into other European states and different classes of business.”

CPD Underwriting Solutions CEO Chris Dixon said: “Our intermediary panel will have access to personal lines products that have been built specifically to cater for the needs of their customers, safe in the knowledge that all participating insurers/reinsurers supporting us have achieved a minimum of an A- rating or above.”

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Separately, Accredited also signed a new programme underwriting partnership with Kitsune, a UK MGA providing private motor insurance.