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MGA Rokstone targets Africa from new Mauritius unit

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Rokstone, the international speciality re/insurance MGA, part of the Aventum Group, announced it has been authorized to underwrite business directly in Africa from its Mauritius office.

It has received an insurance agent license from the island’s Financial Services Commission in Mauritius (FSC).

Initially writing political violence & terrorism and property, the Mauritian office expects to offer financial lines later in the year.

The political violence & terrorism facility has “A”-rated capacity from Lloyds syndicates with capacity of US$100 million per risk. The cover uniquely reflects the emerging and current terrorist threats, with additional emphasis on crisis management, victim support and rehabilitation. Quotes can be obtained within 24 hours. The property binder has “A”-rated capacity from AM Best with a US$15 million line.

The Rokstone Mauritius office is managed by Vinaye Seebaluck, director and head of Underwriting and Avinash Seebhujun, executive director and head of Compliance.

The group said it is now recruiting to add additional specialist underwriters to grow the team in line with expected growth.

Read full article on Insurance Journal

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