Rokstone, Allianz Business collaborate for marine cargo enterprise

Allianz Business and Rokstone, the worldwide re/insurance coverage managing common agent (MGA) below the Aventum Group, have launched a collaborative effort introducing a US$10 million facility devoted to marine cargo enterprise.

This association expands Allianz’s capabilities in wholesale marine distribution and allows Rokstone to globally underwrite direct and reinsurance cargo enterprise with full binding authority from London.

The most recent enterprise additionally enhances an current US$25 million facility initiated earlier this yr by Rokstone for its North American marine operations.

Rob Birchard, marine portfolio supervisor at Rokstone, outlined the scope of the brand new facility because it companions with Allianz for the enterprise.

“This new facility is for each direct and reinsurance and means we will write direct European enterprise with full binding authority for the primary time, broadening our geographical distribution,” he mentioned. “We’re delighted to be extending our relationship with Allianz with this new facility. Rokstone has an enviable document that has resulted in long run collaborations with our carriers and a 100% retention fee. Brokers know that they may get entry to the most effective capability and a quick service from Rokstone.”

Phil Graham, head of marine at Allianz Business UK, additionally commented on the enlargement and its worth for the corporate.

“We’re happy to increase our settlement with Rokstone to further marine traces and territories,” Graham mentioned. “It demonstrates Allianz Business’s dedication to specialty enterprise and the strategic give attention to marine for our enterprise. Rokstone’s expertise, professional underwriting, and dedication to dealer service will assist us proceed to broaden the attain of our high-quality merchandise and options for our purchasers worldwide.”

Elsewhere, the reinsurance MGA additionally lately introduced open entry for its limits of indemnity (LOI) calculator, a device designed to help brokers in figuring out appropriate indemnity limits for D&O (administrators and officers) insurance coverage purchasers.

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