Arif Rahman leaves Fidelis to lead the Binder and head up terrorism at Rokstone
Specialty MGA Rokstone, part of the Aventum Group, has announced the launch of a Terrorism facility for US and Caribbean risks with a $255m limit – one of the largest available in the market.
The facility has both a Quote, Buy, and Bind platform, along with a traditional, ‘open market’ offering running parallel, covering both primary and excess layers, and providing brokers with a ‘one-stop shop’ solution.
The company has appointed Arif Rahman as the head of Political Violence and Terrorism. Prior to Rokstone, he worked at Fidelis Insurance, where he spent three years underwriting for its Specialty Political Violence and Terrorism division.
Rahman commented: ”Our plan was always to give brokers an efficient and comprehensive solution for US terrorism risks all under one roof.”
The offering is considered an alternative to TRIPRA, the US federal ‘backstop’ programme set up following the September 11 terrorist attacks on the World Trade Center in order to respond to terrorism events.
The MGA’s cover purely requires an event to fit its broader definition of Terrorism, whilst also extending to include Sabotage.
The business intends to widen its scope of offerings in the near future, to provide Political Violence, War and Terrorism solutions to service clients globally.