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Rokstone Agriculture, a MGU specialising in agriculture and livestock, part of re/insurance MGA Rokstone, has secured new capacity to launch a new equine mortality product line for the US market across 19 states.
The new product has USD 1,000,000 in admitted capacity came from Professional Solutions Insurance Company (PSIC).
This move is a significant step for Rokstone Agriculture, which has offered coverage of livestock, under five separate product lines, since its launch in 2021, and is continuing to expand its offerings by entering the U.S. equine mortality space.
The new product line will be led by Alexandra Choumitsky, who has been promoted to Equine Underwriting Manager. With over eight years of experience underwriting equine and livestock business, Choumitsky is an expert in the field with a specialisation in sport horses and thoroughbreds.
Rokstone Agriculture will also work alongside their colleagues in the Farm and Ranch team to deliver even greater value for agents and brokers seeking to place more equine business.
Available via its digital quote and bind platform, the MGU has made it easier for brokers to place business and get faster turnaround times as well as to provide solutions tailored to the individual needs of owners.
Importantly, all equine claims will be handled by Aventum’s in-house TPA, Verus Claims Management, LLC, headed by Nicole Pidcoe, a significant unique selling point for brokers in a competitive market.
Its claims service is renowned for providing a best-in-class experience with 25 years’ combined experience, a 24/7 claims response service, and the ability to settle a loss swiftly with eCheck services.
Pidcoe has a background in Saddlebreds and over 15 years of insurance experience, she has built an industry-leading reputation in the equine and livestock claims space.
Eric Conklin, CEO of Rokstone Agriculture, commented: “I’m delighted to further expand our brand by adding the equine portfolio and help owners protect the lives of their animals and financial investments.
“We have solutions for a wide variety of horse breeds and uses, as well as the underwriting expertise and strong carrier relationships required to cover niche risks and exposures. Additionally, our investment in technology means we can transact business faster than our peers.”
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