Following their successful rebranding of Commercial and Trucksure to Fleetsure, the specialist motor underwriting agency has exciting news for the broker market.
Effective immediately, in addition to the products offered via their existing long standing binder, Fleetsure will become a multi binder agency offering Lloyd’s capacity as an Approved Coverholder.
The incredible size and diversity of the Australian commercial motor fleet market sees the need for additional capacity to compliment the well-established offerings of the Fleetsure brand. Having
multiple binders gives Fleetsure an open gateway to all business in their field of expertise.
Accessing this fresh capacity will allow brokers to provide their clients alternate avenues to what are now often competitor owned markets.
The sectors in commercial motor vary from high risk long haul operators to light truck local metropolitan delivery work to commercial sedan fleets and everything in between. The changing landscape of the underwriting agency sector is resulting in brokers having fewer and fewer options of dealing with agencies that are not owned by or aligned to a competitor broker group.
Securing Lloyd’s capacity is a great endorsement of Fleetsure’s consistent and long term approach to the challenges of the commercial motor market. The big dollar premiums that have seen many players jump in and out of the sector after finding that building a long term book requires a great depth of expertise, infrastructure and industry knowledge. Utilising the Lloyd’s market for plant and equipment through the newly established Plantsure product is also a logical step for the group.
The vast majority of accounts that are deemed “plant” are actually mixed commercial fleets, with schedules made up of heavy and light trucks, bulk cargo trailers, private sedans and then various items of plant. Feedback from the supporting broker base is a desperate need for an “all in one solution”.