Rokstone, the International Speciality (Re)Insurance MGA, part of the Aventum Group, has announced it has secured an Insurance Agent Licence from the Financial Services Commission in Mauritius (FSC) and is now fully authorised to underwrite business directly in Africa from its office in Mauritius.
Brokers across Africa can now access world leading insurance from one of the biggest and fastest growing Property & Casualty MGAs in the world, with a multilingual team of specialist underwriters. Initially writing Political Violence & Terrorism and Property directly from Mauritius, the office expects to offer Financial Lines later in the year. Rokstone is one of the world’s largest MGAs, serving the needs of international (re)insurance brokers, with offices in the UK, Europe, USA, Asia, Africa and the Middle East. It currently underwrites USD500m GWP in several specialty lines including Marine, Terrorism & Political Violence, Direct & Facultative Property, Property Treaty, Construction & Engineering, Marine Cargo and Liability.
Vinaye Seebaluck comments: “We’re delighted that our Mauritius office is now officially open for business. We continue to grow the Group’s geographic presence and diversify its speciality product range. Having boots firmly in the ground in the region means we can better serve our clients with a fast, responsive local service and unbeatable cover. We have strong growth targets in the region and expect to be writing USD8m premium before the end of the year.”
The Rokstone Mauritius office is managed by Vinaye Seebaluck, Director and Head of Underwriting and Avinash Seebhujun, Executive Director and Head of Compliance.