Insurtech MGA Loadsure has received capacity backing from specialist insurer Tokio Marine Kiln.
Loadsure was founded in 2018 to serve the freight market with AI-priced, on demand cargo cover.
Johnny McCord, CEO, Loadsure said: “We are excited that such a renowned carrier as TMK is partnering with us as a lead capacity provider; a clear endorsement of our strategy and innovative offering. TMK’s progressive underwriting approach and outlook on the future of our market dovetail neatly with our own. We look forward to working together on the opportunities TMK’s support makes increasingly possible.”
Richard Hooks, departmental head of marine and energy at TMK added: “TMK is at the forefront of providing practical insurance products that address existing and emerging risks. We partner with a wide range of organisations, including insurtechs, academic institutions and businesses, to harness expertise and help clients transfer risks, fulfil ambitions and navigate change.
“Loadsure’s dynamic and integrated platform is an example of an agile programme that supplies cost-effective, flexible insurance. As the market evolves and modernises, we are committed to supporting ventures like this.”
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