Rokstone, the international specialty re/insurance MGA, announced the launch of a cargo stock-only program, supported by US$25 million of capacity, to support brokers and their clients with smarter, more flexible coverage and competitive premiums.
One of just a handful of MGAs with the appetite, capability, and capacity relationships to deliver stock-only coverage, this new program is designed to meet the realities of today’s property and transit exposures, Rokstone said.
The flexible program, which is underpinned by Rokstone’s technology capabilities, delivers competitive pricing, broader wordings, and lower deductibles.
Rokstone said the program aims to respond to demand for more tailored inventory solutions.
By separating stock from property or stock-throughput programs, brokers can respond to the needs of clients facing increased supply chain volatility, warehousing risks, and dynamic storage environments, Rokstone said.
With flat deductibles from as low as US$10,000, it includes catastrophe (CAT) cover and protection for the full value of inventory, thereby delivering real value in terms of cost savings, clarity, and outcomes tailored to how businesses operate today.
With this launch, Rokstone said it is further supporting the growth of its cargo division, expanding into new opportunities and niche segments that reinforce its commitment to delivering specialist, forward-thinking solutions aligned to emerging needs.
“Demand for responsive and innovative cargo coverage is accelerating. There is a growing recognition that insureds can benefit from their inventory being insured on a stand-alone basis, and we’re delivering that in a way that truly reflects the nature of the operational risks faced in today’s environment,” commented Mike Nukk, head of Rokstone Marine, in a statement.
“It’s a smarter way to think about inventory risk and a differentiator for brokers looking to structure coverage for better outcomes,” Nukk added.
Source: Rokstone
Topics
New Markets
Insurance Wholesale
Trucking
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