Allianz Commercial and Rokstone collaborate on $10m marine cargo facility

Allianz Commercial and the Aventum Group’s international re/insurance MGA Rokstone have announced a new collaboration for a $10 million facility to write marine cargo business worldwide.

This new collaboration will reportedly broaden Allianz’s wholesale Marine distribution and allow Rokstone to write direct and reinsurance cargo business with full binding authority globally from London.

Rokstone additionally noted that the new facility complements its existing $25 million facility launched earlier this year with Allianz for its North American Marine operations.

Commenting on the collaboration, Rob Birchard, Marine Portfolio Manager at Rokstone said,
“This new facility is for both direct and reinsurance and means we can write direct European business with full binding authority for the first time, broadening our geographical distribution.

“We’re delighted to be extending our relationship with Allianz with this new facility. Rokstone has an enviable record that has resulted in long-term collaborations with our carriers and a 100% retention rate. Brokers know that they will get access to the best capacity and a fast service from Rokstone.”

Phil Graham, Head of Marine, Allianz Commercial UK, added, “We are pleased to extend our agreement with Rokstone to additional marine lines and territories.

“It demonstrates Allianz Commercial’s commitment to Specialty business and the strategic focus on Marine for our business.

“Rokstone’s technology, expert underwriting and commitment to broker service will help us continue to expand the reach of our high-quality products and solutions for our clients worldwide.”

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