Sabre Insurance, which took on MCE’s insurance book in November 2021 claiming the deal was “an exciting additional opportunity alongside our UK private motor business”, before terminating the agreement when MCE went in to administration in July this year, has revealed that the Gross Written Premium (GWP) for its motorcycle business has fallen from £20.9m in 2022 to just £10.7m year-on-year. Despite the near-50% reduction in revenue, Geoff Carter, chief executive of Sabre, said: “It is pleasing to see the motorcycle sector now performing at around the required level.” The loss is in contrast to the insurer’s car division, which saw GWP rise by nearly £30m to £162.2m for the period.
Sabre Insurance
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