Rokstone, a speciality re/insurance MGA and part of Aventum Group, has signed a binder agreement with Munich Re Syndicate Limited (MRSL) to “bolster the expansion of its international property risks portfolio.”
According to Rokstone, the binder has a line size of £2m and enables it to underwrite Property risks across several international territories, including Australia and Canada.
James Potter, CEO of Rokstone, commented, “We are delighted to welcome Munich Re Syndicate to our capacity panel and we eagerly anticipate a mutually beneficial and enduring relationship.
“Independent, unhindered by debt, with a consistent market-beating performance, Rokstone has successfully attracted some of the world’s best underwriting talent.
“We’ve seen incredible growth as a result, whilst maintaining top quartile loss ratios. This latest partnership marks a significant milestone for Rokstone, underscoring our commitment to deliver excellence in the dynamic landscape of international property risks.”
Dominick Hoare, Group Chief Underwriting Officer of Munich Re Specialty Group said, “We have a strong and determined appetite to expand our offering in the international binder market.
“Led by Group Head Martyn Dolan, our experienced Delegated Property team will be steadfastly working to attract and serve customers and partners across a number of countries.”
In related news, Rokstone recently announced the appointment of Paul Amrose as head of its new North American Excess Facultative Property team, based in Connecticut.
Amrose joined officially the firm on the 2nd of January after serving his notice with Accredited USA, where he was most recently Chief Underwriting Officer.
