16 February 2023Insurance

Rokstone taps ‘rising star’ from Nexus to establish and lead D&O line

Speciality re/insurance MGA  Rokstone, part of the Aventum Group, has hired Nexus’ managing director of management liability to establish and lead its directors and officers (D&O) business across the UK and Europe.

The MGA has appointed Jimmy Heaton (pictured) as head of D&O, following the recent launch of its PI binder as it broadens its speciality re/insurance portfolio.

Rokstone said it is focussing on complex SME and mid-market D&O risks that fall between simple SME/automated products and large/coinsurance placements – an area of the market which remains underserviced across the UK and EEA.

Heaton will lead the D&O team when he joins Rokstone after serving his notice at Nexus Underwriting where he was latterly managing director of management liability. Once tipped as a “rising star” in the industry, he has more than a decade of D&O underwriting experience, beginning his career at AXA before moving to WRB in 2016 and then Nexus Underwriting in 2019.

Ian Anson, managing director of Rokstone, said: “We’re delighted Jimmy has chosen to join Rokstone to establish and lead our D&O team. Complex SME and Mid-Market D&O remains relatively underserviced across the UK and EEA, and is often an area of frustration amongst placing brokers; these risks essentially fall through the gap between online systems and London Market corporate/subscription placements. It is challenging areas of niche specialty lines like these that are Rokstone’s sweet spot – it is what we excel at. We will give brokers a reliable and consistent underwriting partner and be their “go to” contact for these tricky but profitable D&O risks.”

He added: “Jimmy is highly focussed and driven and has a proven track record of successfully establishing and sustaining a profitable D&O portfolio. We’re delighted that Rokstone was his first choice and to have him on board.”

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