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Rokstone inks $25 million partnership with Allianz to bolster NA marine presence

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Rokstone inks $25 million partnership with Allianz to bolster NA marine presence | Insurance coverage Enterprise America















Enhancement follows important additions to the agency’s marine line-up

Rokstone inks $25 million partnership with Allianz to bolster NA marine presence


Reinsurance

By
Kenneth Araullo

Re/insurance coverage MGA Rokstone has introduced a significant enhancement to its North American marine operations, secured by way of a collaboration with Allianz Industrial involving a considerable US$25 million facility supplied by Allianz to assist Rokstone’s endeavors.

The strategic alliance represents an enlargement of Rokstone’s current relationship with Allianz and is about to bolster Rokstone’s North American wholesale marine specialty enterprise. Led by Mike Nukk, a distinguished marine underwriter, the collaboration will guarantee long-term assist from one of many area’s most esteemed carriers, boasting AA-rated capability.

The announcement additionally follows the latest addition of key business professionals to the Rokstone staff, together with Mike Nukk from AIG, Alex Berisha from Liberty, and Derek Vandermyde from Starr Insurance coverage.

The agency has set aggressive targets for its marine portfolio in North America, aiming to develop from a startup to a US$100 million operation inside 5 years. The main focus can be on the center market North American enterprise phase.

“With many contemplating this trio of marine specialists the premier staff in North America, we’re thrilled to share the information of this newest Allianz-backed facility.  Our particular relationship with Allianz is additional solidified by this collaboration and we totally anticipate to dominate the center market Marine area in just a few years’ time,” Rokstone CEO James Potter stated.

“We’ve been supporting Rokstone North America for a number of years now and respect their high-caliber expertise and the way in which they do enterprise.  We’re excited to develop our involvement with Rokstone to extra marine strains.  Their superior expertise, wholesale focus and professional underwriting will present distribution companions extra methods to entry Allianz,” Allianz Industrial head of marine, North America Wealthy Soja stated.

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