Minster Law has announced a new, six-year partnership with Peterborough-based, motorcycle insurance broker, BeMoto, to provide personal injury claims services to their growing UK customer base. Since it was founded in 2015, BeMoto has grown rapidly and now services over 30,000 motorbike policies, with aspirations to increase their market share and grow the book significantly in the next five years.
Shirley Woolham, Minster Law CEO, said the deal with BeMoto further strengthens Minster’s position in the motorbike market, following the recent announcement of a five-year deal extension with fellow bike broker Principal Insurance.
“This is a partnership that brings together two organisations that are steeped in experience of the biking market. We’re delighted to be working with and supporting BeMoto as they embark on the next phase of their growth agenda. Our partnership model in bike has proved to be the ideal means for brokers to get the very best in claims expertise for their biking customers, and by leveraging our assets and expertise we can directly support BeMoto’s ambitious growth plans.”
Shirley explained that Minster Law will continue to invest in its specialist bike proposition with a view to further increase market share.
“We currently serve around a third of the UK bike market and can see significant opportunity in this and the wider mobility market. We are keen to identify more specialist brokers where we can leverage our significant assets and vast experience to support their growth.”
Mathew Long, Managing Director of BeMoto, said: “In our first five years we have established a strong and trusted brand, independently owned and run by bikers, that treats other riders fairly and understand the needs of our community. As BeMoto rides full throttle into our ambitious next phase of growth, we have sought a partner that can not only match our customer centric approach, but also deliver a high-quality claims service when our clients need us most.”
“With Minster Law, we envisage much more than a simple transactional relationship and I am confident our new partnership will give us a better chance of successfully meeting our long-term growth plans.”