Specialist motor underwriting agency Fleetsure has begun offering Lloyd’s capacity in addition to its ongoing agreement with QBE.

Two months ago the agency rebranded from Commercial and Trucksure to Fleetsure, to better reflect its specialist fleet and heavy motor underwriting services.

Director Sean Rafferty told insuranceNEWS.com.au the company’s “highly successful and long-standing partnership” with QBE continues.

“Different carriers have their own risk appetites, pricing models, cost structures, sector preferences and relevant expertise on different accounts with sectors,” he said.

“How a client’s pattern, frequency and severity of loss history is taken into account varies, as does the ability to manage losses on policy structures such as aggregate-excess or excess-of-loss policies.

“An additional binder will allow us to provide competitive solutions to brokers more often.”

The company says the “incredible size and diversity of the Australian commercial motor fleet market” prompted a need for additional capacity.

“Having multiple binders gives Fleetsure an open gateway to all business in [its] field of expertise. Accessing this fresh capacity will allow brokers to provide their clients alternate avenues to what are now often competitor-owned markets.”

Fleetsure says using the Lloyd’s market for plant and equipment through the newly established Plantsure product is also “a logical step”.