Rokstone to expand into D&O ‘sweet spot’
Aventum-owned speciality re/insurance MGA Rokstone is making a “bold move” to solidify its position in the financial lines market. The company has set its sights on expanding its footprint into directors and officers (D&O) insurance, following the recent launch of its PI binder.
Rokstone hired Jimmy Heaton (pictured) as head of D&O in June as part of its broader strategy to build and diversify its specialty re/insurance portfolio. Heaton has more than a decade of D&O underwriting experience, gained at AXA, WRB and Nexus Underwriting.
The move aims to capture the underserved and complex SME and mid-market D&O risks across the UK and EEA, where Rokstone sees a “gap in servicing... falling between the automated products and large corporate placements”.
Ian Anson, managing director of Rokstone, said venturing into challenging and niche specialty lines is a “sweet spot” for the company.
“With this move, Rokstone can demonstrate not only our commitment to the financial lines sector but also highlight our determination to be a go-to choice for brokers handling the complexities of D&O risks,” he said.
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