LuckyTruck, a digital broker and aggregator specialising in commercial trucking insurance, and SiriusPoint, a global specialty insurer and reinsurer, has announced a strategic partnership which will see SiriusPoint invest in and partner with the specialist trucking broker.
LuckyTruck aims to continue its expansion of business operations across the US, through adding new licensing, expanding the company’s talented producer base, solidifying new partnerships with key members of the ecosystem (e.g., MGA’s, Carriers and Trucking Groups) and building out its specialised trucking digital distribution platform.
Patrick Charles, head of Americas property and casualty at SiriusPoint, said: “We welcome LuckyTruck to our growing portfolio of partnerships focused on driving disruptive change in the Insurance industry.
“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.”
CEO and founder of LuckyTruck, Devin Bostick, added: “Commercial trucking is undergoing a fundamental shift. There’s a heavy infusion of capital in this area, which translates to a vibrant and growing logistics ecosystem.
“At LuckyTruck, we are excited to strategically partner with SiriusPoint and enable small fleets to experience a truly world class risk management experience.”