Roamly receives Lloyd's coverholder approval

(The Insurer) - Insurtech MGA Roamly has been approved to become a Lloyd's coverholder, the company said on Thursday.

The MGA said that as a Lloyd's coverholder, it will now have the capacity to introduce new offerings faster for marketplaces across the U.S. and Canada.

"More importantly, it's a critical enabler for the future of shared mobility. From RVs and campervans to carshare and emerging transportation models like cybercabs, the sharing economy demands specialised, agile insurance," Jeff Cavins, CEO of the Outdoorsy Group, Roamly's parent company said.

Roamly is a subsidiary of RV rental platform Outdoorsy. Outdoorsy raised $90 million in equity funding in 2021 from several investors, including SiriusPoint. Part of this money was used to launch Roamly, in partnership with SiriusPoint.