The latest partnership news from Rokstone;
Rokstone, the International Speciality (Re)Insurance MGA, part of the Aventum Group, has announced a three year binding authority agreement with Aviva for its Direct & Facultative (D&F) Property portfolio.
The facility enables Rokstone to write global property D&F business up to USD 2m per risk, and the deal is likely to generate in excess of USD200m GWP over the three years.
The new facility comes just a few weeks after Rokstone announced a multi-year USD5m delegated authority facility for D&F Property with Allianz Commercial. It also follows news last month of a key strategic senior underwriter hire, Ludo Araujo, who joined the eight strong Speciality underwriting team from Chaucer Syndicates.
James Potter, CEO of Rokstone, comments: “We’re excited to announce this new deal and new partnership with Aviva. Our ability to underwrite as a lead market, now with delegated authority from a number of leading A rated markets including Allianz and Munich Re, is a ringing endorsement of our Property team – a real statement of achievement for Rokstone. We continue to enjoy an enviable record of long term partnerships with our capacity partners, giving clients long term security and certainty.”
Spencer Pimley, Global DUA Manager for Aviva Global, Corporate & Specialty (GCS), comments: “We’re delighted to agree this deal with Rokstone. This opportunity presents a strong and balanced Property D&F portfolio that will complement us as we continue to build and strengthen our Global Property DUA portfolio.”
Rokstone is one of the world’s largest MGAs, with offices in the UK, Europe, USA, Asia, Africa and the Middle East. It is a leading specialist MGA serving the needs of international (re)insurance brokers in the specialty lines business. It currently underwrites more than USD 1.1bn GWP in several specialty lines including Property, Power Generation, Marine, Aviation, Warranty, Credit & Surety Treaty, Agriculture, Construction & Engineering, A&H, Contingency, Liability and Sports & Leisure.
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