Rokstone Agriculture Risk Underwriters, a division of the International specialty re/insurance MGA Rokstone, has announced that it has partnered with insurtech firm Accelerant, to secure admitted and non-admitted delegated authority A-rated capacity for niche Livestock business.
The firm has also introduced the US markets only platform which gives insurance brokers full control to quote, bind and manage endorsements online. This has introduced much needed efficiency to the market which has also helped to further advance its data capabilities.
Rokstone has had major success with these types of platforms in the UK, with its agricultural team – iFarm Underwriting going on to become the fastest growing agricultural MGA in the country.
These platforms that Rokstone are introducing have helped to strengthen the existing relationship that Accelerant has globally with other parts of Rokstone, and its parent group company, global reinsurer – Aventum.
Rokstone Agriculture was launched seven months ago, it is led by Eric Conklin who has over 20 years’ worth of experience within underwriting livestock and equine business.
Eric Conklin commented on the deal: “Until now brokers in the US have been held hostage with only one insurer in the market offering terms for broad livestock cover that includes core as well as niche risks. We’re thrilled to announce this deal which brings sorely needed capacity and choice to the Livestock market.
“It also really serves to illustrate the confidence the market has in our knowledge and expertise in these niche lines. We are a data-driven business in an area of the market that has historically been starved of reliable data and innovation. Our specialist knowledge, use of technology and access to quality data and capacity, means we can now provide broader, more relevant cover, that’s secure and quicker to bind than anywhere else.”
