Rokstone, a leading specialty (re)insurance MGA and subsidiary of Aventum, has announced the appointment of Laurence Burrows as it enters the U.S. Excess Casualty division.
The move marks an important expansion for the company, which continues to grow its presence in the U.S. market, according to InsurTech Insights.
The introduction of the U.S. Excess Casualty Practice aligns with Rokstone’s strategy to diversify its offerings and respond to market demands.
The new division will cater to a broad range of sectors, including Construction, Transportation, Energy, and U.S. & Global Fortune 1,000 risk-managed accounts.
Additionally, it will focus on emerging sectors such as renewable energy and the autonomous vehicle/electric vehicle (AV/EV) industry, addressing the need for customised risk solutions.
Rokstone, part of the Aventum Group, is recognised as a leading MGA in the specialty (re)insurance market.
The company provides a wide range of tailored insurance solutions across various sectors and has a strong reputation for its innovative approach and committed partnerships.
The newly launched Practice is designed to serve B2B commercial entities that require bespoke risk solutions.
It will offer coverage across various industries, with a particular emphasis on sectors where traditional insurance products may not fully address the unique risks involved. The division is expected to attract significant interest from companies looking for flexible and customised insurance options.
Burrows, who will lead the division, brings over fifteen years of experience in the insurance industry, having previously held key roles at Convex Insurance, Apollo Syndicate 1969, Novae, Starr Insurance, and Aspen Insurance Group. His extensive background in liability underwriting positions him as a strong leader for Rokstone’s new venture.
James Potter, CEO of Rokstone, expressed his excitement about the new appointment and the division’s potential, saying, “We’re delighted to welcome Larry. We are committed to bringing market-leading talent to Rokstone, and Larry is the latest in a number of stellar hires to Rokstone over the past few years who have been attracted by our exciting culture and long-term committed capacity partners. The flexibility inherent in our approach appeals to talented underwriters who might be frustrated in their more traditional working environments. Like Larry, the people who have joined us in the last few years are truly at the sharp end of their specialisms.
“We already have some U.S. Casualty lines and plan to expand this out over the coming months into a number of areas. We have previously been focused on short-tail lines, so this is sound diversification. With the developing back-year reserves and new reserving rules impacting the market, we believe the timing is perfect to further expand our Casualty offering,” he continued.
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