CARMEL, Ind., July 18, 2018 (GLOBE NEWSWIRE) — Protective Insurance Company, a leading property-casualty insurer specializing in trucking and workers’ compensation, today announced a partnership with AmWINS Transportation Underwriters (ATU) to offer a program to support for-hire commercial trucking fleets with up to 24 trucks beginning in the 4th quarter of 2018.
AmWINS Transportation Underwriters, a managing general agency within the Underwriting division of AmWINS Group, Inc., will serve as the program administrator, while Protective Insurance will underwrite the coverage through its Protective Advantage product. The partnership will result in a highly-competitive, nationwide trucking insurance product for small trucking fleets, underwritten by an A.M. Best A+ rated insurance carrier.
“For-hire commercial trucking fleets with 24 trucks and under represents a huge untapped opportunity for Protective Insurance,” said Randy Birchfield, President and Chief Executive Officer of Protective Insurance. “As the largest wholesale insurance broker in the U.S. with an established underwriting division that writes $1.7B in annual premium, AmWINS is the perfect program administrator to help us efficiently and quickly provide the Protective Advantage product to the market. This partnership symbolizes a natural next step in our strategic plan to expand our products and reach within our core transportation expertise.”
Protective Insurance has been providing coverage for trucking fleets for over 85 years. Through its agency and brokerage partners, the company currently offers guaranteed cost or deductible options for fleets of 25 – 250 trucks, and a self-insured retention option for fleets of 250 trucks or more.
“We see an incredible opportunity to work in tandem with Protective Insurance to carry out this business,” said Andrew Brown, President of AmWINS Transportation Underwriters. “With years of expertise in underwriting and claims management specific to trucking, Protective Insurance is extremely well-poised to enter the 24 trucks and under for-hire commercial trucking segment.”
Protective Advantage will also provide the platform for the existing AmWINS Environmental Transportation Program.
About Protective Insurance
Protective Insurance is a property-casualty insurer specializing in transportation and workers’ compensation through its underwriting companies, Protective Insurance Company and Sagamore Insurance Company. With an 85-year tradition of delivering the highest-quality, customized insurance products, Protective offers coverages for trucking fleets, workers’ compensation, public transportation fleets and independent contractors through its retail distribution channels and program businesses. Protective Insurance Company is based in Carmel, Indiana and has a financial rating of A+ (Superior) by A.M. Best. For more information, visit www.protectiveinsurance.com.
About AmWINS Group, Inc.
AmWINS Group, Inc. is the largest independent wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products and administrative services. Based in Charlotte, N.C., the company operates through more than 100 offices globally and handles premium placements in excess of $14 billion dollars annually. To learn more, visit www.amwins.com.
About AmWINS Transportation Underwriters
AmWINS Transportation Underwriters (ATU) is a managing general agency and wholesale insurance broker that specializes in the trucking and transportation industry. ATU’s skilled underwriters provide comprehensive insurance solutions in partnership with reputable and financially sound carriers. With six offices around the country, ATU handles more than $85M in premium placements annually. To learn more, visit www.amwins.com/atu.
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