US-based commercial auto insurer Atlas Financial Holdings has announced the sale of further legacy assets to ride-sharing insurance provider Buckle.
Buckle recently completed the purchase of Atlas’ subsidiary Gateway Insurance Company, following Atlas’ decision to move towards an MGA model.
Scott D. Wollney, Atlas’ President & CEO said: “We recently announced the closing of the sale of Gateway Insurance Company to Buckle, a technology-driven financial services company, along with a MGA program focusing on taxi, livery, limousine and full-time transportation network company drivers.
“Buckle has become a very valuable partner in connection with Atlas’ MGA focused strategy. Our Teams have been working closely on a number of fronts and we look forward to continuing to expand this relationship.
“The collective focus both Atlas and Buckle have on the transportation network company, or TNC, sector is complementary. We are excited to continue to collaborate to deliver specialty products to this evolving segment in the gig-economy.”