Rokstone poaches market's leading underwriter for new unit backed by global carriers

Speciality re/insurance MGA  Rokstone, part of Aventum Group, has hired a leading underwriter to run a global operational power generation facility backed by A rated global carriers.

Ian Green (pictured) will join Rokstone in October to head up its newly formed power generation division.

Formerly director of energy and natural resources for Occam Underwriting, Green has 20 years’ experience specialising in energy and power, leading the underwriting for the biggest insurers in this sector.  He spent four years at Hiscox, five years at Aegis and three years each at Chubb, Aon and AIG.

Rokstone said Green's appointment will complement its existing GWP $30m operational power and renewables book and allow it to expand into this highly technical and specialised niche area for the long term.

Rokstone currently has a $36m line per risk for facultative reinsurance and $22m per risk for direct business and expects to increase this from October 1, 2021. The MGA said, when Green joins Rokstone from Occam he will bring his existing book of power generation business over with him, which will continue to be supported by Hiscox.

“Ian will continue to have our full support in his new role at Rokstone Underwriting and building on the portfolio he developed with us at Occam,” said Simon Morgan, property divisional director at Hiscox.

Green commented: “Power Generation is an extremely technical niche area which requires a high level of expertise to deliver consistent underwriting profit through the cycle. Many players have tried and failed over the years – lacking the specialist knowledge required.

"I’m very fortunate to have had the opportunity across my career to work with some of the best teams in the world. As a class it has its challenges, but with my knowledge, backed by top quality capacity commitment, all driven by Rokstone, we have an exciting winning formula."

He added: "I’m delighted to be joining Rokstone and the ambitious Aventum Group. I’m genuinely excited to be joining them on this journey to become one of the biggest and the best global (re)insurance specialty businesses in the world.”

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