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Insurtech broker approved as Lloyd’s trucking coverholder

By Mathew Lerner

Cover Whale Insurance Solutions Inc. has been approved as a  coverholder at Lloyd’s of London and is working with Lloyd’s syndicates to provide commercial auto coverage for trucks in the U.S., the Rancho Santa Margarita, California-based insurtech broker said in a statement Monday.

Coverages available include automobile physical damage for commercial truckers and motor truck cargo, both with limits up to $250,000 per occurrence, according to an email from a spokesperson, who declined to name specific syndicates.

“Cover Whale’s new Lloyd’s capacity allows expansion of our exclusive distribution to more clients and territories,” Jason Wexler, chief underwriting officer at Cover Whale, said in the statement.