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Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has announced a three-year binding authority agreement with Aviva for its direct & facultative (D&F) property portfolio.

The facility enables Rokstone to write global property D&F business up to US$2 million per risk, and the deal is likely to generate in excess of US$200 million GWP over the three years.

The new facility comes just a few weeks after Rokstone announced a multi-year US$5 million delegated authority facility for D&F Property with Allianz Commercial. It also follows news last month of a key strategic senior underwriter hire, Ludo Araujo, who joined the eight strong speciality underwriting team from Chaucer Syndicates.

“We’re excited to announce this new deal and new partnership with Aviva. 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,” commented James Potter, CEO of Rokstone. “We continue to enjoy an enviable record of long-term partnerships with our capacity partners, giving clients long-term security and certainty.”

“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,” said Spencer Pimley, global DUA manager for Aviva Global, Corporate & Specialty (GCS).

Rokstone currently underwrites more than US$1.1 billion GWP in several specialty lines including property, power generation, marine, aviation, warranty, credit & surety treaty, agriculture, construction & engineering, A&H, contingency, liability and sports & leisure.

Source: Rokstone

Topics Insurance Wholesale Property