MGA Rokstone takes Lloyd’s box to get closer to brokers
Specialty re/insurance managing general agent (MGA) Rokstone has acquired a box at the Lloyd’s of London. The Aventum Group company will be trading live from April 15.
The three-year deal will see Rokstone based at Lloyd’s in box 335 on gallery 3. A presence within Lloyd’s aims to widen its distribution across multiple lines of specialty business and make it easier for brokers to connect with Rokstone.
The box will be operated by underwriting teams across its property, marine, aviation, contingency, construction, and energy portfolios, giving brokers the opportunity to connect face-to-face to discuss speciality risks.
The MGA grew profitably to $1.2 billion in the last 12 months, with a ULR below 53% and an implied COR of 82.5%, without taking on outside investment or debt.
Rokstone explained that the decision to take a box at Lloyd’s reinforces its longevity in the market alongside its dynamic and evolving approach to serving brokers and carriers.
James Potter, chief executive officer of Rokstone, said: “We’re excited to take our place on the Lloyd’s trading floor, giving more brokers direct access to some of the world’s leading underwriters in the Speciality classes they need. In just eight years we’ve successfully built a vibrant and exciting $1.2bn GWP business that has become the desired home for the best talent. But this is just the beginning; we’re on a journey to become the most inspiring MGA in the world. Having a box at Lloyd’s signals our long term commitment and takes us one step further towards our goal.”
Vicky Carter, deputy chair at Lloyd’s commented: “Rokstone has built a strong reputation in the market and we welcome them warmly to the Lloyd’s building. Lloyd’s is the place for forward-thinking companies like Rokstone to come together and innovate to find solutions to some of the most complex and challenging risks facing us daily. At Lloyd’s our ambition is attracting the world’s best talent to operate within the market environment.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
