Rokstone, an international specialty re/insurance MGA, and part of the Aventum Group, has announced its plans to expand the company’s footprint into Directors and Officers (D&O) insurance.
According to the announcement, this move aims to capture the underserved and complex small and medium-sized enterprises (SMEs) and Mid-Market D&O risks across the UK and the European Economic Area (EEA).
Back in June 2023, Rokstone welcomed Jimmy Heaton to the team as Head of D&O.
The time of his appointment came shortly after the launch of the MGA’s PI binder and the series of events formed the foundation of a broader strategy to build and diversify Rokstone’s Specialty (re)insurance portfolio.
Ian Anson, Managing Director of Rokstone has expressed enthusiasm about Heaton’s decision to join the business and lead the D&O team.
He has also highlighted that the UK and EEA markets have a gap in servicing Complex SME and Mid-Market D&O risks, falling between the automated products and large corporate placements.
By expanding its footprint into D&O insurance, Rokstone aims to fill this void, positioning itself as a reliable and consistent underwriting partner for brokers dealing with these intricate but profitable risks.
“Rokstone’s move to launch Directors and Officers insurance is a testament to our commitment to growth and innovation in the financial lines sector. By addressing the underserved market for Complex SME and Mid-Market D&O risks, Rokstone can provide reliable solutions and with Jimmy Heaton at the helm, the future looks promising,” the company stated.
