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MGA unveils general liability program for large construction

Posted On: Sep. 12, 2019 3:24 PM CST

construction

Rokstone Construction Risk Underwriters Ltd., a specialty managing general underwriting agency that focuses on casualty and builder’s risk insurance products and services, said Thursday it is launching a new general liability insurance program for owners and contractors of large construction projects in the United States.

The Red Bank, New Jersey-based company said the primary insurance program was developed to provide in-depth underwriting expertise, wide-ranging coverage and detailed claims and risk engineering services for project-specific insurance and controlled insurance programs.

It said capacity is available on a nonadmitted basis nationwide with HDI Specialty SE, which is a joint venture of Hannover Re and Hannover, Germany-based HDI Global SE. Rokstone began operations in January.

The program is available to select retail distributors and offers terms of from one to five years. Minimum construction value is $50 million and minimum deductibles and/or self-insured retentions start at $25,000, according to the statement.