Brokers will value new division amid cat loss season
Direct Insurance Group has hired Peter Mousley to spearhead the launch of its property treaty division at Rokstone Re-Treaty
Backed by A-rated capacity, the underwriting unit is part of Rokstone Underwriting - ultimately led by chief executive David Bearman.
With $10m capacity, the team will cover a wide diversity of international exposures, including US, Canada, UK, Europe, Japan and the Caribbean and can tailor this to meet the specific needs of its cedants. Focus is primarily on traditional catastrophe reinsurance treaties to include;
- Catastrophe excess of loss
- Pro rata
- Risk excess of loss
- Industry loss warranty
Rokstone Re-Treaty will operate from its City of London headquarters and Peter Mousley, will become head of property treaty. Mousley has over 30 years’ underwriting experience in the London market, most recently as senior property treaty underwriter at CNA Hardy.
Mousley, said: “We aim to deliver the highest quality service for our customers, both brokers and original clients. Our aim is to deploy our A- A M Best rated capital in a swift but considered way”
Peter Mousley will join the existing team at Rokstone’s property facultative unit, headed up by former Talbot D&F underwriter, Paul Hallinan.
Rokstone Underwriting’s chief underwriting officer James Potter said : “Given recent catastrophe events over the past 12 months, the new capacity we are offering will be welcomed by our supporting brokers.
Chief executive Rokstone Underwriting David Bearman said: “Rokstone Underwriting already represents a key element in the growth strategy of the Group and I am delighted to appoint Peter Mousley as head of property treaty to develop the next phase of our success.
”Finding someone with Peter’s credentials to deliver our new A- rated capacity to the market, at this exciting time, was key. I look forward to working with Peter who’s extensive experience complements our existing team led by our CUO James Potter, and supported by head of facultative property Paul Hallinan.”