Rokstone agrees new deal with Aviva for its D&F property portfolio

Rokstone, an international speciality re/insurance MGA part of the Aventum Group, has announced a three year binding authority agreement with Aviva for its Direct & Facultative (D&F) property portfolio.

According to Rokstone, the facility will enable it to write global property D&F business up to $2 million per risk, with the deal likely to generate in excess of $200 million GWP over the three years.

James Potter, CEO of Rokstone, commented, “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.

“We continue to enjoy an enviable record of long-term partnerships with our capacity partners, giving clients long-term security and certainty.”

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

Rokstone noted that this new facility comes just weeks after it announced a multi-year $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.

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