TORONTO (May 02, 2022) – Burns & Wilcox, a globally recognized leader in wholesale insurance brokerage and underwriting, announced today an exclusive partnership in Canada with Loadsure, an international insurtech Managing General Agent and Lloyd’s of London coverholder. Burns & Wilcox is the sole wholesale representative in Canada to deploy its AI-powered on-demand, pay-as-you-go trip transit insurance coverage to independent brokers across the country. The coverage serves the over-the-road trucking market as well as businesses and insureds that require goods shipped by land, air, and sea.
For many years the transportation industry has experienced challenges in securing adequate and cost-effective insurance solutions, and those market conditions continued as the pandemic affected the global economy. As the first to market this kind of service, the coverage provides a snapshot into the tech-driven future of the industry. Users receive access and the benefits of automated claims, including being able to pay on-demand for their single trip coverage requirements with up to $2M of available insurance limits.
“At Burns & Wilcox, we strive to provide the best coverage for our clients while ensuring success for the future, including the use of tech-based platforms like Loadsure,” said Jodie Kaufman Davis, Executive Vice President, H.W. Kaufman Group, and President, Burns & Wilcox Canada. “Loadsure’s automated approach to securing coverage keeps up with the needs of shippers, brokers, and carriers, and effectively supplements annual-based policies.”
As a leading Managing General Agent in Canada, the Burns & Wilcox team has decades of transit and cargo related experience with supporting retail partners – a key differentiator among others in the space. The company has the capabilities and reputation to provide bespoke solutions for high-value, hard-to-place exposures.
“We are excited to deploy this capability to our broker partners across Canada as it will dramatically reduce a broker’s response times to their customer’s single load coverage requirements and showcase the greater need for usage-based insurance options,” said Fernando Batista, Associate Manager, Transportation, Burns & Wilcox Canada.
To explore the platform, visit https://www.burnsandwilcox.ca/specialties/transportation/
About Burns & Wilcox:
Burns & Wilcox is the insurance industry’s leading wholesale insurance broker and managing general agent, internationally recognized for its expertise in commercial and professional liability, property and casualty, environmental liability, construction, ocean and inland marine, and personal insurance and accident. Burns & Wilcox Canada has offices in Toronto, Halifax, Montreal, Ottawa, St. John’s, Vancouver, and Calgary.
Burns & Wilcox Canada is a member of H.W. Kaufman Group, which has over 60 offices across the United States, Canada, and the United Kingdom and employs more than 2,000 professionals. Founded in 1969 and headquartered in Metro Detroit, H.W. Kaufman Group also includes: Burns & Wilcox (US), Burns & Wilcox Brokerage, Atain Insurance Companies, Afirm, Global Excess Partners, RB Jones, Stonemark, Minuteman Adjusters, Kaufman Institute and London-based, Burns & Wilcox United Kingdom, Chesterfield Insurance Brokers, Lochain Patrick, Cranbrook Underwriting and Node International. More information can be found at www.burnsandwilcox.ca or www.hwkaufman.com.