Rokstone inks binder agreement with Munich Re Syndicate to expand property risks
Rokstone inks binder agreement with Munich Re Syndicate to expand property risks | Insurance Business Asia
Reinsurance
Rokstone inks binder agreement with Munich Re Syndicate to expand property risks
It has a line size of US$2 million and allows for underwriting in various international territories
Reinsurance
By
Kenneth Araullo
Aventum Group MGA Rokstone has announced a binder agreement with Munich Re Syndicate Limited (MRSL) to expand Rokstone’s international property risks portfolio.
Under the terms of the agreement, MRSL becomes part of Rokstone’s panel of carriers. The binder, with a line size of US$2 million, authorizes Rokstone to underwrite property risks in various international territories, including Australia and Canada.
“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,” Rokstone CEO James Potter 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,” Munich Re Specialty Group chief underwriting officer Dominick Hoare said.
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