Rokstone to provide D&O brokers with open access to LOI calculator

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Rokstone to provide D&O brokers with open access to LOI calculator


Rokstone offers D&O brokers open access to the LOI calculator | Insurance business America

Additional places will be opened for the company’s D&O Academy

reinsurance

By Kenneth Araullo

International specialist re/insurance company MGA Rokstone has announced open access to its Limits of Indemnity (LOI) calculator, a tool designed to help brokers determine appropriate indemnity limits for D&O (Directors and Officers) insurance clients.

Now available for free on Rokstone’s website, the tool provides brokers with guidance to make informed decisions and tailor insurance solutions to individual business needs.

The LOI Calculator is designed to address the challenge brokers face in accurately determining the compensation limits required for their commercial clients. These include factors such as ownership status, company size and exposure to different sectors and territories.

The launch follows a series of successful broker tests and marks the availability of the calculator as part of Rokstone’s ongoing commitment to improving broker support through innovative solutions.

Jimmy Heaton (pictured above), Head of D&O at Rokstone, commented on the publication and what it means for the company’s efforts in the D&O segment.

“We are pleased to be able to offer this open access resource to brokers. “It meets our underwriting appetite and is a testament to our commitment to enabling informed decision making,” he said.

In addition to the LOI calculator, Rokstone plans to further support the brokerage community by providing additional places for its D&O Academy.

The CPD-approved program covers a wide range of D&O topics and provides essential training in insurance coverage, financial analysis and claims handling.

In another recent development, Rokstone announced the acquisition of a trading box at Lloyd’s of London to significantly expand its operational capacity and secure Box 335 on gallery three on a three-year deal.

This new structure at Lloyd’s will include Rokstone’s underwriting teams across the Real Estate, Transport, Aviation, Emergency Insurance, Construction and Energy portfolios.

“We are excited to take our place on the Lloyd’s trading floor and give more brokers direct access to some of the world’s leading underwriters in the specialist classes they need,” said CEO James Potter.

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2024-04-19 13:00:00

www.insurancebusinessmag.com