Rokstone inks binder deal with Munich Re Syndicate for property expansion
Speciality re/insurance MGA Rokstone, part of Aventum Group, has unveiled a binder agreement with Munich Re Syndicate (MRSL), to bolster the expansion of its international property risks portfolio.
MRSL joins the panel of carrier partners of Rokstone. The binder has a line size of $2 million and enables Rokstone to underwrite property risks across a number of international territories, including Australia and Canada.
James Potter, CEO of Rokstone, said: “We are delighted to welcome Munich Re Syndicate to our capacity panel and we eagerly anticipate a mutually beneficial and enduring relationship. Independent, unhindered by debt, with a consistent market-beating performance, Rokstone has successfully attracted some of the world’s best underwriting talent. We’ve seen incredible growth as a result, whilst maintaining top quartile loss ratios. This latest partnership marks a significant milestone for Rokstone, underscoring our commitment to deliver excellence in the dynamic landscape of international property risks.”
Dominick Hoare, group chief underwriting officer of Munich Re Specialty Group, said: “We have a strong and determined appetite to expand our offering in the international binder market. Led by Group Head Martyn Dolan, our experienced Delegated Property team will be steadfastly working to attract and serve customers and partners across a number of countries.”
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