‘Watch this space’ – Aventum-owned MGA hints at further Lloyd’s expansion

Aventum-owned MGA Rokstone has hinted at an intent to acquire additional box space at Lloyd’s of London.

In December 2024, eight months after establishing its first, the MGA acquired its second box at Lloyd’s to enhance face-to-face access between brokers and its underwriters.

Rokstone now operates box 398a in addition to its existing box 398 – both on gallery three – with the intention of providing expanded coverage in financial lines and casualty.

Ian Anson, global chief executive at Rokstone, explained that the move came after the initial box quickly became a hub of activity, prompting the need for additional space.

“We took our first box in April and had each division on a rota to ensure access,” he said.

“But the demand was overwhelming and it became clear we needed more time at Lloyd’s to meet our objectives.

“Broker feedback and market demand play a key role in shaping our strategy as we plan for 2025 and beyond. This second box is a clear sign of how rapidly we are growing.”

“A key part of our approach is attracting top-tier talent in specialist markets. As we onboard new teams and expand our underwriting capabilities, our need for additional box space at Lloyd’s will naturally grow.”

“It’s likely that we’ll outgrow our current space in the near future. Watch this space.”

Lloyd’s debate

Anson added that Rokstone’s expansion at Lloyd’s reflected a broader strategy of balancing the strengths of Lloyd’s trading with other underwriting platforms.

While some in the industry question the long-term relevance of Lloyd’s as compared to the companies market, Anson emphasisesd the market’s enduring importance.

He added: “Lloyd’s continues to be the home of specialist solutions and distressed distribution. It complements our other models, which are focused on mid-market and regional distribution.

”The face-to-face trading model and the concentration of underwriting expertise make Lloyd’s a cornerstone of our strategy.”