Rokstone Launches Parametric Insurance Solutions with Lloyd’s Syndicate 3939
Rokstone Launches Parametric Insurance Solutions with Lloyd’s Syndicate 3939

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Rokstone, a global specialty re/insurance MGA under the Aventum Group, has launched Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939, offering a new parametric insurance solution for various natural disasters including earthquakes and hurricanes. The initial facility is valued at USD 10 million, aiming for USD 25 million in gross written premiums (GWP) for 2024, with plans to expand to USD 50 million in GWP by 2025. This partnership is notable as NormanMax Syndicate 3939 is the first Lloyd’s syndicate dedicated to parametric reinsurance for natural catastrophes. The innovative policies promise quick quotes and claim settlements without requiring proof of physical damage, addressing challenges posed by climate change and market complexities.

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