Specialist MGA secures extra capacity to expand proposition

Rokstone has expanded its directors’ and officers’ (D&O) line size after securing additional capacity.

The extra capacity comes from Lloyd’s syndicates and has seen the international speciality (re)insurance MGA double its D&O line size from £5m to £10m.

The Aventum-owned business claimed that the increase “sends a strong message about Rokstone’s unwavering carrier support” at a time of “high competition in the D&O market, with a notable imbalance between supply and risk exposure”.

Jimmy Heaton, head of D&O at Rokstone, added: “These are exciting times for the D&O team.

“Since launching the division last year, we’ve focused on the complex SME and mid-market D&O risks – those that fall between the automated products and large corporate placements – and we have proved to be a reliable and consistent underwriting partner for brokers dealing with these intricate but profitable risks.”

D&O growth

In addition to the increased line size, Rokstone has also grown its team to support D&O growth.

Hires include Charlie Hassell, who was appointed as assistant underwriter. Hassell joined from Starr Insurance and has more than five years’ experience in financial lines.

The firm has also created a range of free D&O broker tools, including a limit of indemnity calculator, while it also launched its own D&O Academy.

This provides brokers with a CPD approved curriculum that covers a range of D&O topics.

Heaton said: “It’s an exciting time to be part of the Rokstone family, where innovation, growth and performance are not simply buzzwords but the very fabric of who we are.”