Rokstone Construction Risk Underwriters (Rokstone CRU), part of international managing general agent Rokstone, has announced the launch of an owners’ interest insurance program for the US market.
Rokstone CRU specializes in casualty and builders’ risk insurance for large, complex construction projects. The company has secured capacity on a non-admitted basis nationwide with Sutton Speciality Insurance Company.
The new owners’ interest offering provides brokers and their clients with coverage in an area with very limited capacity, Rokstone said.
“We are wholly focused on leveraging our knowledge and expertise to find solutions and deploy programs for large, complex projects in response to strong broker and client demand,” said Mike Simone, president of Rokstone CRU. “We are excited about our new partnership with Sutton Specialty Insurance and are pleased to have secured this valuable product for our clients. Rokstone is a construction-centric MGU that continues to outperform the market thanks to its expertise, service and disciplined underwriting.”
“We are excited to provide our clients with this latest addition to our portfolio,” said Richard Isgard, head of claims and partner at Rokstone CRU. “Importantly, we take a collaborative approach at Rokstone, so that, should a claim arise, we have a deeper understanding to provide the optimal claims experience for the client with a dedicated in-house team specializing in complex construction claims.”
“We have great confidence in Rokstone,” said Shane Haverstick, CEO of Sutton National. “It is an impressive MGU that sets the bar high in the way the group underwrites difficult markets. Its strong, data-led actuarial underwriting approach is best in class, and its people are extremely knowledgeable and talented. We’re delighted to partner with Rokstone on this program, and we look forward to growing our relationship with them further.”