OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Accredited Surety and Casualty Company, Inc. (Accredited) (Orlando, FL). The outlook of these Credit Ratings (ratings) is stable. Accredited is wholly owned by Randall & Quilter Investment Holdings Ltd. (R&Q) (AIM:RQIH). R&Q owns non-life insurance portfolios in runoff, services companies active in insurance and insurance entities that are open for live business.

The ratings reflect Accredited’s solid risk-adjusted capitalization level, positive operating earnings and niche market position within the bail bond industry. Since 2011, Accredited has generated increasing underwriting profits due to its low bail bond loss experience.

Offsetting the positive rating factors is Accredited’s current product concentration, which exposes the company to changes in regulation related to bail bonds, high expense structure and the execution risk associated with its business expansion plan. Although management plans to expand Accredited’s writings into specialty property/casualty lines to broaden its offerings, the majority of business currently remains in the surety sector. The stable outlooks reflect A.M. Best’s expectation that operating results will continue to be profitable, and that Accredited’s risk-adjusted capitalization level will remain supportive as planned growth and diversification of product offerings begins to occur

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