Onex completed the acquisition of Accredited from R&Q Insurance for $420m.

Onex, an investment manager, completed the acquisition of Accredited, an insurance services provider, from R&Q Insurance, a non-life specialty insurance company, for $420m. “We are pleased to have the opportunity to establish Accredited as an independent, market-leading program management platform. Accredited has all the ingredients for success as a hybrid carrier, including a talented management team, a well-diversified and high-quality book of business, strong reinsurer relationships and robust underwriting and risk management protocols. It will be well positioned for responsible growth with a strong balance sheet and backing from Onex Partners. Investing in the insurance industry has been a core strength for Onex for many years. We look forward to supporting Accredited’s management team in this next phase of growth," Adam Cobourn, Onex Managing Director.