MGA Rokstone Expands Portfolio Into Financial Institutions

Rokstone, the worldwide speciality re/insurance coverage protection MGA that is part of the Aventum Group, has launched the launch of a D&O and PI combined facility for financial institutions inside the UK, Europe and the Caribbean, backed by a $10 million Lloyd’s binder.

Rokstone said it observed a spot obtainable available in the market for a protected Lloyd’s-backed, expertise-led offering inside the FI space. With this facility, it is concentrating on all styles and sizes of financial institutions along with private equity houses, hedge funds, funding managers and credit score rating & monetary financial savings institutions.

“Moving into the FI space was the logical subsequent step for us. We already have in depth PI and D&O experience and enviable backing from {our capability} companions,” commented Jimmy Heaton, head of D&O at Rokstone.

“We give brokers a reliable and fixed service and for a while many have been expressing a necessity for us to broaden our offering and produce the equivalent holistic methodology for FI,” he added. “Combining our industrial and financial institution capabilities inside one workforce, coupled with a broad territorial urge for meals and Lloyd’s backing, we now have created a formidable offering.”

With workplaces inside the UK, Europe, USA, Asia, Africa and the Heart East, Rokstone is a primary specialist MGA serving the needs of worldwide re/insurance coverage protection brokers in specialty strains enterprise. It presently underwrites higher than US$1.1 billion in gross written premiums in plenty of specialty strains along with property, vitality know-how, marine, aviation, assure, credit score rating & surety treaty, agriculture, improvement & engineering, accident & properly being, contingency, obligation and sports activities actions & leisure.

Provide: Rokstone

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