Insurtech company Roamly has been designated as a Lloyd’s Coverholder, enabling it to underwrite and insure customers on the balance sheet of Lloyd’s of London.  

The designation places Roamly in a select class of insurers with the capacity to develop and offer new insurance products to marketplaces in the US and Canada. 

It provides the company with the ability to deliver tailored insurance solutions, backed by the expertise of Lloyd’s.  

Roamly parent company Outdoorsy Group CEO Jeff Cavins said: “Becoming a Lloyd’s Coverholder is an exceptional achievement, as only a select number of outstanding partners are approved each year. This designation underscores Roamly’s commitment to being actuarially led delivering low loss ratios paired with best-in-class insurance products and backed by financial strength.” 

“This appointment positions Roamly to introduce new offerings faster and with greater credibility, expanding our marketplace offerings to partners and providing even greater value to customers who are embracing new ways to travel and share assets.”  

Roamly Enterprise offers a technology platform that enables companies to employ AI-driven modules in the creation of insurance products.  

The platform streamlines the process of bringing products to market and also aid in risk management, encompassing functionalities for pricing, underwriting, policy, and claims management. 

The company’s operations span the US, Canada, and Europe.  

In April 2025, Roamly formed a regional headquarters in Fort Lauderdale, Florida.