Rokstone Agriculture Risk Underwriters, the US specialist Agriculture division of the International Speciality (Re)Insurance MGA, Rokstone, has announced it has partnered with Accelerant to secure admitted and non-admitted delegated authority A- rated capacity for niche Livestock business.
In addition to the new capacity, Rokstone has introduced the US market’s only platform which gives brokers full control to quote, bind and manage endorsements online – introducing much needed efficiency to the market and further advancing its data capabilities. Rokstone has had outstanding success with this approach in the UK where its agricultural team (iFarm Underwriting) is the fastest growing agricultural MGA.
Launched seven months ago, Rokstone Agriculture is led by Eric Conklin who has over 20 years’ experience underwriting livestock and equine business.
This news strengthens the existing relationship Accelerant has globally with other parts of Rokstone and its parent group company Aventum. Accelerant, rated A- (Excellent) (A.M. Best), is a data-fuelled, technology platform, empowering specialist underwriters with superior risk exchange and data analytics.
Eric Conklin, CEO of Rokstone Agriculture, comments: “Until now brokers in the US have been held hostage with only one insurer in the market offering terms for broad livestock cover that includes core as well as niche risks. We’re thrilled to announce this deal which brings sorely needed capacity and choice to the Livestock market. It also really serves to illustrate the confidence the market has in our knowledge and expertise in these niche lines. We are a data-driven business in an area of the market that has historically been starved of reliable data and innovation. Our specialist knowledge, use of technology and access to quality data and capacity, means we can now provide broader, more relevant cover, that’s secure and quicker to bind than anywhere else.”
Rokstone is one of the world’s largest MGAs, with offices in the UK, Europe, USA, Asia, Africa, and the Middle East. A leading specialist, it serves the needs of international (re)insurance brokers in specialty lines business. Rokstone currently underwrites USD 750m GWP in several specialty lines including Marine, Aviation, Terrorism & Political Violence, Direct & Facultative Property, Treaty Property, Construction & Engineering, Liability and Agriculture.