Rokstone has announced the launch of a new surety division. Rokstone Surety complements the MGA’s existing Credit and Surety Treaty division, with A-rated capacity, and a broad underwriting appetite across a variety of sectors.

Ian Anson, global CEO at Rokstone commented: The surety market has been tough since the Covid pandemic and following a string of high-profile insolvencies, especially in the construction sector. This has made it harder for businesses of all sizes, but especially SMEs, to obtain bonds. However, the market is showing signs of softening and Rokstone is once again leading the way by delivering much needed underwriting expertise and digital prowess to brokers and their clients.”

The new division will be led by specialist bond underwriter Darren Guymer.

Guymer has over 15 years of industry experience, having previously held senior underwriting positions at First Underwriting and Aviva.

He said: “I truly believe Rokstone is a place where exciting things happen, with the backing of an agile global team and a vibrant, supportive culture. The growth potential for surety is significant, not to mention Rokstone’s existing portfolio, much of which could benefit from a surety offering."

Rokstone currently underwrites more than US$1.1bn in GWP across multiple specialty lines, including property, power generation, marine, aviation, warranty, credit and surety treaty, agriculture, construction, contingency, liability and sports.

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