’We’re delighted to agree this deal,’ says manager
International speciality (re)insurance MGA Rokstone has secured a new three-year binding authority agreement with Aviva.
The deal will cover Rokstone’s direct and facultative (D&F) property portfolio and help the MGA write such business up to $2m (£1.5m) per risk.
Rokstone also felt the partnership would help generate more than $200m (£154.2m) in gross written premium (GWP).
Spencer Pimley, global DUA manager for Aviva Global, Corporate and Specialty (GCS), said: “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.”
Expansion
The deal comes after Rokstone announced a multiyear delegated authority facility for D&F property with Allianz Commercial.
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James Potter, chief executive at Rokstone, said he was “excited” to also be partnering with Aviva as the MGA looks to further expand.
He added: “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.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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