Press Release - DECEMBER 18, 2015

A.M. Best Affirms Ratings of Accredited Surety and Casualty Company, Inc.


CONTACTS:
 Adrienne Tortoriello
Senior Financial Analyst
(908) 439-2200, ext. 5088
adrienne.tortoriello@ambest.com

Greg Williams
Assistant Vice President
(908) 439-2200, ext. 5815
greg.williams@ambest.com
Christopher Sharkey
Manager, Public Relations
(908) 439-2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Assistant Vice President, Public Relations
(908) 439-2200, ext. 5644
james.peavy@ambest.com

FOR IMMEDIATE RELEASE

OLDWICK - DECEMBER 18, 2015
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Accredited Surety and Casualty Company, Inc. (Accredited) (Orlando, FL). The outlook for both ratings is stable. Accredited is a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q) [AIM: RQIH]. R&Q owns, through its subsidiaries, non-life insurance portfolios in runoff, service companies active in insurance and insurance entities that are open to live business.

The ratings reflect Accredited’s solid level of risk-adjusted capitalization, positive operating earnings and niche market position within the bail bond business. Since 2011, Accredited has consistently generated underwriting profits, driven by its low bail bond loss experience.

Partially offsetting these positive rating factors is Accredited’s product concentration which exposes the company’s business to changes in laws and regulations related to bail bonds. Additionally, although results have shown significant improvement and stability in the most recent years, modest deterioration of underwriting results and growth in net written premium that outpaced surplus growth were experienced earlier in the past five years.

While the outlook is stable for Accredited, negative rating actions could result if Accredited’s operating performance falls markedly short of expectations or there is a decline in Accredited’s risk-adjusted capitalization.

This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best’s Ratings & Criteria Center.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source.


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