We are excited to announce the official launch of our North American Property Facultative reinsurance portfolio. With a blend of outstanding service levels, cutting-edge technology, and a world-class underwriting team, we are ready to conquer new horizons.
Meet Our Leadership
Leading our North American Excess Facultative team is Paul Amrose, who brings over 37 years of experience. Paul, who joined Rokstone in January 2024, has previously served as Chief Underwriting Officer for Accredited USA, Ascot USA, and CNA Reinsurance.
Notably, he was also co-founder and CUO of DirectFac, a Lloyd’s syndicated, property facultative, reinsurance MGU. Paul’s vast industry knowledge and underwriting expertise will steer our new portfolio to great success from the outset.
Joining Paul is Derek Hausknecht, our Senior Vice President - bringing almost three decades of exceptional exposure management and IT development experience to the table. Derek served a significant role at Scor Re, as Natural Catastrophe Manager of the Americas.
With his unparalleled data science and analytics expertise, he played an essential role in the success of Property Facultative for Ascot USA, CNA Re, and DirectFac.
Together, Paul and Derek form a dynamic leadership team, ready to launch Rokstone’s North American Facultative underwriting operations into the future.
The portfolio will enjoy long-term support from one of the most respected carriers in the world, Hiscox 33, with AA-rated capacity.
Innovative Offerings
Rokstone North American Property Facultative offers two distinctive products, with a focus on the middle market and SME segments of commercial insurance. These products will be offered on an excess of loss basis across all 50 states in the US.
Facultative Automatics is tailored to aggregate the high volumes of property facultative individual risks into a portfolio that can be easily administered by cedants. Pre-agreed terms and conditions provide the guardrails from which all qualified business is automatically reinsured, resulting in reduced frictional costs and economies of scale for the client company.
Individual Risk Facultative targets those policyholders with elements of their risk profile residing beyond the capacity of the client company's risk appetite. Utilizing our underwriting expertise and deep reinsurance experience, Rokstone analyzes a client’s need(s) and constructs an effective, well-organized risk transfer solution within 24 hours.
With tremendous upside potential, the team has set ambitious underwriting profitability targets. Aiming to more than double the expected GWP and underwriting profit within five years, Rokstone is ready to seize the vast opportunities within the industry.
The Rokstone Edge
At the heart of the portfolio lies an experienced and reputable team, standing as a testament to our commitment to trust and reliability. Ensuring seamless and efficient experiences for our clients, we make every interaction with Rokstone a benchmark of excellence.
In pursuit of innovation, we leverage cutting-edge technology, investing in platforms and processes to enhance the user experience and bring efficiency front and center to our operations.
We invite you to join us in shaping the future of the North American insurance landscape. Stay tuned for more developments as we continue to redefine excellence in the world of insurance.
