Potential $400mn+ Accredited sale tests confidence in MGA-program model after Vesttoo fraud
There have been milestone acquisitions of fronting businesses in recent years, such as Markel-State National in 2017 and MS&AD-Transverse in early 2023, but all eyes are currently on Accredited and its troubled parent R&Q after advanced talks to sell the programs specialist to Onex were confirmed last week.