One of the international Insurtech Managing General Agents (MGA) and Lloyd’s coverholder, Insurtech MGA Loadsure recently announced that it has received capacity backing from the London-headquartered global specialist insurance company, Tokio Marine Kiln (TMK).
Formed in 2014, TMK has been known for excellent underwriting, innovative products and outstanding claim services and this collaboration with MGA Loadsure, specialising in data-driven and net-tech backed solutions is quite interesting to look forward to.
Talking about the same, Johnny McCord, CEO of Loadsure, commented, “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. He added, “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.”
When asked about this collaboration from the TMK stakeholders, Richard Hooks, Departmental Head of Marine & Energy, TMK, commented, “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 the 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.”