Rokstone Agriculture, part of the international speciality re/insurance MGA Rokstone, has launched a new U.S. non-admitted Commercial Agriculture and Farm & Ranch Property Program, backed by $25 million in non-admitted A-rated capacity.
This new offering, available in all U.S. states except Alaska and Hawaii, and excluding wind in some coastal geographies, reportedly spans the full spectrum of agriculture property risks, filling a considerable gap in today’s market.
“By combining A-rated capacity with deep sector expertise, Rokstone Agriculture continues to deliver underwriting innovation and service excellence rooted in its deep understanding of the complex exposures facing the U.S. agriculture industry,” Rokstone said.
Rokstone explained that the launch has been enabled by its advanced technology capabilities and its proprietary underwriting and distribution platform, ATOMX.
The platform is said to provide seamless data ingestion, risk assessment and program management, allowing Rokstone Agriculture to bring complex agriculture property solutions to market with speed, precision and scalability.
As part of its strategic growth plan, Rokstone Agriculture said it intends to expand its admitted Farm and Ranch product to an additional 16 states over the next few years, with all 48 U.S. states eventually coming online in phase three.
Joshua Lauth, President of Rokstone Agriculture Farm and Ranch, commented, “We continue to buck the capacity trend and bring much-needed choice and innovation to the marketplace. We see risk as an opportunity, not merely a challenge.
“For our selected specialist agents and brokers, we’re a safe pair of hands – delivering best-in-class programs for every stage of the agricultural lifecycle.
“Where others are retreating, our market share is growing. We’re attracting talent, securing top-tier capacity, and delivering on our commitment to the U.S. agriculture industry.”
