Insurance
Home›Insurance›Reinsurance›Rokstone Agriculture adds up to $20m AXA XL excess liv…
Rokstone Agriculture adds up to $20m AXA XL excess livestock capacity
The new AXA XL-backed excess layer lifts Rokstone Agriculture’s total available livestock capacity to $30 million, adding capacity for non-admitted primary business and higher-limit risks.
Rokstone Agriculture said its Agriculture division has signed a new capacity agreement with AXA XL to provide an excess livestock risks facility with limits of up to USD 20 million, through its specialty re/insurance MGA model. The company said the arrangement is designed to expand its livestock offering by supplying additional capacity for excess livestock risks, while also serving as an alternative source of capacity for primary livestock business written on a non-admitted basis.
Rokstone said the new facility complements its existing USD 10 million primary perils facility that supports livestock risks on both an admitted and non-admitted basis. With the added excess layer, total available livestock capacity increases to USD 30 million.
Rokstone Agriculture CEO Eric Conklin said the additional excess capacity is particularly important as risk exposure rises for owned and non-owned livestock businesses, with clients seeking higher limits for growing stock values. AXA XL Underwriting Manager Lorraine Mills said the partnership reflects confidence in Rokstone’s specialist underwriting expertise and disciplined approach to risk selection.