SiriusPoint pact with trucking broker
Bermudian-based SiriusPoint Ltd, the global specialty re/insurer, has struck a strategic partnership with LuckyTruck Corp, the digital broker and aggregator specialising in commercial trucking insurance.
The parties said the partnership will see SiriusPoint invest in and partner with the specialist trucking broker.
The companies said LuckyTruck is a niche broker and aggregator that makes the purchase of insurance for trucking fleets in the United States more transparent, customised, affordable and convenient.
The company aims to disrupt commercial trucking insurance brokerage, offering an alternative to slow, difficult, paper-heavy processes.
LuckyTruck offers truckers a range of insurance products specifically tailored to their needs and a transaction can be completed online in minutes, rather than the weeks it has historically taken to secure insurance, the companies said.
“We welcome LuckyTruck to our growing portfolio of partnerships focused on driving disruptive change in the insurance industry”, said Patrick Charles, head of Americas P&C at SiriusPoint.
“We are excited to partner with LuckyTruck to accelerate innovation in the commercial trucking insurance space. Our strategic partnership is an opportunity to drive change where it’s needed, to improve insurance coverage and customer experience in an underserved and growing area of the US business insurance market.”