Rockstone, Aventum Group’s international specialist reinsurance MGA, has announced that it has entered into a three-year binding title agreement with Aviva for its Direct and Faculty (D&F) real estate portfolio.
According to Rockstone, the facility will enable it to write global real estate D&F operations of up to $2 million per risk, and the deal has the potential to generate GWP in excess of $200 million over three years.
James Potter, CEO of Rokstone, commented:
“Our ability to underwrite as a lead market with mandates from many major A-rated markets, including Allianz and Munich Re, is enthusiastically supported by our real estate team and is a true asset to Rockstone. This is the result of
“We continue our enviable track record of long-term partnerships with our capacity partners, providing long-term security and certainty for our clients.”
Spencer Pimley, Global DUA Manager, Aviva Global, Corporate & Specialty (GCS) said:
“This opportunity provides us with a strong and balanced real estate D&F portfolio that complements our company as we continue to build and strengthen our global real estate DUA portfolio.”
Rockstone noted that this new facility comes just weeks after announcing a multi-year, $5 million mandate facility for D&F Properties with Allianz Commercial.
This also follows news last month of the hiring of key strategic senior underwriter Ludo Araujo, who joined Chaucer Syndicate’s eight-strong professional underwriting team.
