MGA Rokstone launches A rated terrorism facility in UK

Re/insurance managing general agent (MGA)  Rokstone has launched a new terrorism facility backed by A rated capacity in the UK, led by a former AXA/Aon executive, as it continues to grow its geographic presence and diversify its speciality product range.

The new division will be led by Rebecca Steel (pictured), who has more than 32 years’ experience specialising in underwriting political violence and terrorism risks both in the UK and US. She spent 14 years at AXA Re, followed by 8 years with Aon in the US. She was later vice president at Cooper Gay NYC before becoming head of property & terrorism for Omnyy (part of Lockton) and latterly lead underwriter for terrorism at Ensurance.

The product will be available to brokers through the Group’s digital distribution platform iSure, and can be added to other core commercial covers.

Dean Pitts, chief underwriting officer of Rokstone, said: “We’re delighted to launch this new facility.  Terrorism and political violence are threats that continue to pervade our society at every level, and it is a global challenge that brokers can help their clients to navigate.

“Becky is one of the leading and most experienced underwriters in this area and we’re delighted that she has joined us. Rokstone is an entrepreneurial, people acquisitive business and the launch of this exciting new line in the UK signifies the latest move in our group wide strategy for considered growth.”

Steel, commented: “Political violence and terrorism is an ongoing daily threat and brokers have a responsibility to make their clients aware of the risks and the protection available. Compared to other countries, the UK has a very high-risk profile – higher than Russia for example. And it’s not just about ISIS; right wing activism is one of the biggest risks in the UK right now.”

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