Heading: Rokstone, Allianz Commercial collaborate for marine cargo business | Insurance Business America

Rokstone, Allianz Commercial collaborate for marine cargo business

Allianz Commercial and Rokstone, the global re/insurance managing general agent (MGA) under the Aventum Group, have joined forces to introduce a new US$10 million facility dedicated to marine cargo business. This collaboration aims to expand Allianz’s capabilities in wholesale marine distribution and enable Rokstone to underwrite direct and reinsurance cargo business globally with full binding authority from London.

The initiative also complements an existing US$25 million facility launched earlier this year by Rokstone for its North American marine operations. Rob Birchard, marine portfolio manager at Rokstone, expressed excitement about the partnership with Allianz and the opportunities it presents for both direct and reinsurance business.

Phil Graham, head of marine at Allianz Commercial UK, highlighted the strategic value of the expansion, emphasizing the company’s commitment to specialty business and the marine sector. The collaboration with Rokstone is expected to enhance the reach of high-quality products and solutions for clients worldwide.

In addition to the marine cargo collaboration, Rokstone recently announced open access for its limits of indemnity (LOI) calculator, a tool designed to assist brokers in determining suitable indemnity limits for D&O (directors and officers) insurance clients.

The new facility and partnership between Rokstone and Allianz Commercial signify a significant step forward in the marine insurance sector, offering enhanced services and solutions to clients globally. Share your thoughts on this exciting development in the comments below.