Loadsure enters European freight insurance markets

Insurtech managing general agent (MGA), Loadsure, has officially entered the European market, which the firm hopes will build on its success in North America.

The MGA will initially focus on the Benelux region, Germany, France, Denmark, Norway, Finland, and Sweden.

Additionally, Ben Brough has joined the firm as Director of Europe, responsible for European operations.

Johnny McCord, Chief Executive Officer and Co-founder, Loadsure, commented, “We’re looking for progressive, forward-thinking, tech-savvy insurance broker partnerships; we know that there is huge demand for technology-enabled freight insurance, making this the perfect time for Europe’s insurance market to upgrade to the new era of holistic freight protection.

“The freight industry is being transformed by digitalisation and we look forward to working closely with local distribution partners to deliver the leading edge, tech-powered solutions the freight community demands.:

Following a phased launch across Europe, all of Loadsure’s freight insurance products will be available to insurance intermediaries throughout the region.

Brough added, “The freight and logistics sectors in Europe play a vital role in facilitating trade and maintaining the smooth flow of goods. But they face a difficult supply chain environment exacerbated by the war in Ukraine, Covid19, Brexit, sustainability concerns and the need to adapt to technological transformation and integration, with transportation costs going up across the globe.

“Streamlining processes and investing in digital solutions is critical to deal with these issues. At Loadsure, we enable our clients to enhance their risk management practices, protect their financial interests, and navigate the challenges of the industry more effectively.”

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