Rokstone inks $25 million partnership with Allianz to bolster NA marine presence




Rokstone inks $25 million partnership with Allianz to bolster NA marine presence | Insurance coverage Enterprise America















Enhancement follows vital additions to the agency’s marine line-up

Rokstone inks $25 million partnership with Allianz to bolster NA marine presence


Reinsurance

By
Kenneth Araullo

Re/insurance coverage MGA Rokstone has introduced a serious enhancement to its North American marine operations, secured by way of a collaboration with Allianz Business involving a considerable US$25 million facility offered by Allianz to help Rokstone’s endeavors.

The strategic alliance represents an enlargement of Rokstone’s current relationship with Allianz and is about to bolster Rokstone’s North American wholesale marine specialty enterprise. Led by Mike Nukk, a outstanding marine underwriter, the collaboration will guarantee long-term help from one of many area’s most esteemed carriers, boasting AA-rated capability.

The announcement additionally follows the latest addition of key trade professionals to the Rokstone crew, together with Mike Nukk from AIG, Alex Berisha from Liberty, and Derek Vandermyde from Starr Insurance coverage.

The agency has set aggressive targets for its marine portfolio in North America, aiming to develop from a startup to a US$100 million operation inside 5 years. The main focus will probably be on the center market North American enterprise section.

“With many contemplating this trio of marine specialists the premier crew in North America, we’re thrilled to share the information of this newest Allianz-backed facility.  Our particular relationship with Allianz is additional solidified by this collaboration and we totally count on to dominate the center market Marine area in just a few years’ time,” Rokstone CEO James Potter stated.

“Now we have been supporting Rokstone North America for a number of years now and respect their high-caliber expertise and the best way they do enterprise.  We’re excited to develop our involvement with Rokstone to extra marine traces.  Their superior expertise, wholesale focus and skilled underwriting will present distribution companions extra methods to entry Allianz,” Allianz Business head of marine, North America Wealthy Soja stated.

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