Rokstone and Accredited announce multi-year capacity agreement

Rokstone, the international reinsurance MGA of the Aventum Group, has announced a multi-year, multi-strategy capacity agreement with Accredited Insurance Program Management, a leading global program manager.

The partnership includes both US and international businesses.

This strategic partnership marks a significant milestone for both companies. Accredited’s increased financial strength and expanded capabilities will provide Rokstone with the support it needs to further develop its specialty insurance solutions and expand its market reach.

Accredited, which recently completed its acquisition by Onex Partners, has over $2 billion in gross premium and has an A- (Excellent) financial strength rating from AM Best.

The capacity agreement will allow Rokstone to offer a wider range of products and services to its customers, while providing Accredited with a valuable opportunity to expand its portfolio and diversify its risk profile.

“We are delighted to announce this latest partnership with the Accredited operator. The agreement gives us additional security and our broker partners a smooth execution for each program,” commented James Potter, CEO, Rokstone, in a statement. “We maintain enviable relationships with a broad group of leading operators, including Allianz and Munich Re, among others, which has enabled us to develop a diverse portfolio of uncorrelated businesses.”

Potter said this additional capacity gives Rokstone the “space and certainty” it needs to expand into new lines and target territories.

“We are excited to announce our first major partnership as an independent platform, in line with our strategy to work with best-in-class MGAs that we can support through our global scale and strong balance sheet,” according to William Spiegel. , CEO, Accredited. “Rokstone has demonstrated impressive growth, supported by sophisticated underwriting, and we look forward to helping them continue to build their offering and reach.”

With offices in the UK, Europe, US, Asia, Africa and the Middle East, Rokstone currently underwrites over $1 billion GWP in specialist lines such as property, power generation, marine, aviation, surety, credit and surety treaty, agriculture , construction and engineering, accident and health and liability.

Source: Rockstone

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