Specialist MGA announces new deal with Aviva

International speciality (re)insurance MGA Rokstone has secured a new three-year binding authority agreement with Aviva.

The deal will cover Rokstone’s direct and facultative (D&F) property portfolio and help the MGA write such business up to $2m (£1.5m) per risk.

Rokstone also felt the partnership would help generate more than $200m (£154.2m) in gross written premium (GWP).

Spencer Pimley, global DUA manager for Aviva Global, Corporate and Specialty (GCS), said: “We’re delighted to agree this deal with Rokstone. This opportunity presents a strong and balanced property D&F portfolio that will complement us as we continue to build and strengthen our global property DUA portfolio.”

Expansion

The deal comes after Rokstone announced a multiyear delegated authority facility for D&F property with Allianz Commercial.

James Potter, chief executive at Rokstone, said he was “excited” to also be partnering with Aviva as the MGA looks to further expand.

He added: “Our ability to underwrite as a lead market, now with delegated authority from a number of leading A rated markets, including Allianz and Munich Re, is a ringing endorsement of our property team – a real statement of achievement for Rokstone.

“We continue to enjoy an enviable record of long-term partnerships with our capacity partners, giving clients long-term security and certainty.”