Insurance provider for logistics industry

by Inside Logistics Online Staff

Amwins Specialty Logistics Underwriters (ASLU), a managing general agency specializing in the logistics and cargo industry, is expanding into the Canadian market.

Launched in the United States in 2018, ASLU filled a gap within the industry, delivering coverage solutions for freight forwarders and third-party logistics operators. Since inception, it has underwritten more than 5,000 accounts.

As a Lloyd’s coverholder – rated “A+” by S&P –  ASLU’s expansion into Canada will provide retailers with an efficient solution for securing coverage that previously may have taken days to confirm. With claims agents set up for each province, clients are met with high-quality support and service, as well as tailor-made coverage solutions to protect clients’ assets and avoid costly supply-chain disruptions.

ASLU offerst same-day proposals for:

–          Shipper’s interest ocean cargo
–          Shipper’s interest inland transit
–          Warehouse storage (goods of others)
–          Carrier’s legal liability
–          Freight forwarder’s legal liability (contingent cargo)
–          Freight forwarder E&O
–          Warehouse legal liability

With a focus on service, ASLU clients will also benefit from support with the risk-transferring process, legal responsibilities and contractual duties, in addition to a certificate-issuing platform with built-in reporting capabilities.

“The logistics industry is growing by more than 25 percent each year,” said Alex Rosas, executive vice-president, Amwins Specialty Logistics Underwriters.

“Everyone on our team has dedicated their careers to becoming experts in this space so that we can anticipate its complexities and protect our clients. We look forward to partnering with Canadian retailers to deliver creative logistics insurance solutions to the market.”