MGA announces new multiyear capacity agreement

Managing general agent (MGA) Rokstone has signed a new multiyear capacity agreement with Accredited Insurance Programme Management.

The deal will provide Rokstone with support to further develop its specialty insurance propositions and expand its market reach.

The partnership covers both the MGA’s US and international business.

James Potter, chief executive at Rokstone, said: “We’re delighted to announce this latest carrier partnership with Accredited. The deal gives us additional security and our broker partners a seamless execution for each programme.

“We maintain enviable relationships with a broad panel of leading carriers, including Allianz and Munich Re, amongst others, which has allowed us to develop a diverse portfolio of non-correlating business.”

Growth

Rokstone has offices in the UK, Europe, Asia, Africa, Middle East and the US.

It specialises in property, power generation, marine, aviation, warranty, credit and surety treaty, agriculture, construction and engineering, A&H and liability.

“Independent, unhindered by debt, with a consistent market beating performance, we’ve seen incredible growth in recent years, whilst maintaining top quartile loss ratios,” Potter said.

“Securing additional capacity like this gives us the headroom and certainty we need to expand further into new lines and target territories.”

William Spiegel, chief executive at Accredited, added: “We are pleased to be able to announce our first major partnership as an independent platform, in line with our strategy to work with best-in-class MGAs who we can support through our global scale and strong balance sheet.

“Rokstone has shown impressive growth, underpinned by sophisticated underwriting, and we look forward to helping them continue to build their offering and reach.”