Rokstone to provide D&O brokers with open access to LOI calculator
Rokstone to provide D&O brokers with open access to LOI calculator | Insurance Business New Zealand
Reinsurance
Rokstone to provide D&O brokers with open access to LOI calculator
More slots to be released for firm’s D&O Academy
Reinsurance
By
Kenneth Araullo
International specialty re/insurance MGA Rokstone has announced open access for its limits of indemnity (LOI) calculator, a tool designed to assist brokers in determining suitable indemnity limits for D&O (directors and officers) insurance clients.
The tool is now accessible for free on Rokstone’s website, providing brokers with guidance to make informed decisions and customize insurance solutions to individual business requirements.
The LOI calculator was developed to address the challenge brokers face in accurately assessing the indemnity limits necessary for their commercial clients. This includes factors like ownership status, business size, and exposure to different sectors and territories.
The launch follows a series of successful broker trials, marking the calculator’s availability as part of Rokstone’s ongoing commitment to enhancing broker support through innovative solutions.
Jimmy Heaton (pictured above), head of D&O at Rokstone, commented on the release and what it means for the company’s efforts for the D&O segment.
“We are thrilled to offer this open access resource to brokers. It aligns with our underwriting appetite and stands as a testament to our dedication to empowering informed decision-making,” he said.
In addition to the LOI calculator, Rokstone plans to further support the brokerage community by offering additional slots for its D&O Academy.
The program, which is CPD-approved, covers a broad range of D&O topics and provides essential training in policy coverage, financial analysis, and claims handling skills.
In other recent developments, Rokstone announced its acquisition of a trading box at Lloyd’s of London to mark a significant expansion in its operational capabilities, securing box 335 on gallery three in a three-year agreement.
This new setup at Lloyd’s will feature Rokstone’s underwriting teams from its property, marine, aviation, contingency, construction, and energy portfolios.
“We’re excited to take our place on the Lloyd’s trading floor, giving more brokers direct access to some of the world’s leading underwriters in the Specialty classes they need,” CEO James Potter said.
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