Managing general agent Rokstone, which is part of the Aventum Group, has launched a D&O and PI combined facility for financial institutions in the UK, Europe and the Caribbean. The facility targets businesses such as private equity houses, hedge funds, investment managers and credit and savings institutions and is backed by a $10m Lloyd’s binder.

Jimmy Heaton, head of D&O at Rokstone, said: “Entering the financial institutions space was the logical next step for us. We already have extensive PI and D&O experience and enviable backing from our capacity partners. We give brokers a reliable and consistent service and for a while many have been expressing a desire for us to expand our offering and bring the same holistic approach for financial institutions.

“Combining our commercial and financial institution capabilities within one team, coupled with a broad territorial appetite and Lloyd’s backing, we have created a formidable offering.”