Rokstone Agriculture, part of international specialty re/insurance MGA Rokstone, has launched a new US non-accredited commercial agriculture and farm and ranch property program supported by $25 million of non-accredited Class A capacity.
The new product, which is reportedly available in all U.S. states except Alaska and Hawaii and excludes wind energy in some coastal areas, covers the full spectrum of agricultural property risks and fills a sizable gap in today’s market.
“By combining Class A capabilities with deep industry expertise, Rokstone Agriculture continues to deliver underwriting innovation and service excellence with a deep understanding of the complex risks facing the U.S. agricultural industry,” said Rokstone.
Rokstone explained that the launch was driven by its advanced technological capabilities and its proprietary underwriting and distribution platform, ATOMX.
The platform is said to provide seamless data ingestion, risk assessment and project management, enabling Rokstone Agriculture to bring complex agricultural real estate solutions to market quickly, accurately and scalably.
As part of its strategic growth plan, Rokstone Agriculture said it plans to expand its certified farm and ranch products to an additional 16 states over the next few years, eventually going online in all 48 U.S. states in Phase 3.
Rokstone Agriculture Farm and Ranch President Joshua Lauth commented: “We continue to buck the trend and bring much-needed choice and innovation to the market. We view risk as an opportunity, not just a challenge.
“For our selected specialist agents and brokers, we are a reliable partner – delivering best-in-class programs for every stage of the agricultural life cycle.
“While others are retreating, our market share is growing. We are attracting talent, ensuring top-tier production capacity, and delivering on our commitment to American agriculture.”
