Amwins Specialty Auto, the non-standard auto insurance arm of Amwins Group, Inc., has entered into a managing general agency (MGA) agreement with Buckle, the inclusive tech-enabled financial services entity.
The arrangement sees Amwins underwrite non-standard auto insurance for Buckle in Florida, as well as Buckle’s gig auto insurance for rideshare and delivery drivers in the state.
The admitted insurance carrier for both products will be Gateway Insurance, a Buckle-owned insurance carrier.
Under the terms of the agreement, Amwins has exclusive rights to the agency distribution of Buckle’s gig auto insurance across its regional footprint.
And, via Amwins’ extensive agency network, Buckle/Gateway’s NSA solution is being issued on new business from early December. While the firm’s gig auto insurance will be rolled out in the first quarter of next year.
Marty Young, co-founder and Chief Executive Officer (CEO) of Buckle, commented: “Buckle’s mission is to bring every financial product that gig economy workers need into the capital markets on their behalf as a trusted agent.
“We are thrilled to be partnering with Amwins to further this mission and strengthen our underwriting capacity to gig rideshare and delivery drivers throughout Florida.”
Don Moser, President of Amwins Specialty Auto of Florida, added: “We are excited to begin this partnership with Buckle.
“As the gig economy grows, we see the opportunity to bring our traditional NSA products as well as Buckle’s gig auto insurance to independent agents in Florida as a chance to provide a unique combination which enables our agents to better serve their customers.”