Randall & Quilter Investment Holdings has appointed Patrick Rastiello as CEO of its newly established US excess and surplus programme management business, Accredited Specialty Insurance Company (ASIC).
Based in Boston, Rastiello brings 40 years of experience in the insurance market, with a focus on working with managing general agents (MGA) and programme.
In his new role, Rastiello will work closely with Todd Campbell, president and CEO of ASIC, R&Q’s US admitted market programme management company.
He joins R&Q from Aon Reinsurance where for the last 10 years he worked as executive managing director, founder and leader of its MGA/programme practice group.
The non-life global specialty insurance company recently announced that it expects to enter the US excess and surplus (E&S) programme management market in Q4 2020.
Commenting on the appointment, Alan Quilter, group CEO, said: “We continue to be excited by the progress in our programme management business and are pleased to welcome Patrick Rastiello as CEO of what will be our excess and surplus programme manager, Accredited Specialty Insurance Company.”
Quilter added: “We are on track for its launch later this year, completing our strategic objective of establishing Accredited as a comprehensive program management solutions provider in all its major markets. I look forward to Patrick Rastiello joining and leading the growth of our excess and surplus programme offering.”
