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Ohio-based Rokstone Farm Risks secured $15mn capacity for farm property, $5mn for farm excess and $1mn for auto liability. -
The firm’s primary coverage includes general liability, workers’ comp, professional liability, umbrella and inland marine, according to its website.
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The program offers professional liability, general liability and more for medical professionals in the healthcare industry.
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Blandford noted that there is more willingness to deploy capacity compared to last year, a function of orderly January 1 renewals bringing in more capital and the absence of a major hurricane or wildfire in 2023.
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Participating in the funding round were Caffeinated Capital, Altai Ventures, Zigg Capital, 8VC, Buckley Ventures, Habitat Partners and Arch Capital.
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The trio includes AIG’s Carson Lyons, Starr’s Jeffrey Tippins and Lockton’s Chris Latta.
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Kearns and his former employer recently settled a legal dispute following his departure along with two other colleagues last year.
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Rokstone Underwriting has announced a $25mn North American marine facility backed by Allianz Commercial.
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The announcement closes the $435mn-deal which was announced in early November.
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Underwriting, finance and technology veteran Shaun Shenouda will oversee continued growth and expansion of the real-estate-focused MGU.
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The deal follows this publication’s report that the Bank of America-run sale process of Castel was drawing robust interest.
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Sources said that the New York-based underwriter lined up JP Morgan and Morgan Stanley as lead bookrunners for the process.
