Sabre Strikes Another Underwriting Deal

After stepping in to provide underwriting capacity for MCE, Sabre is now working with Freeway. Here’s the word;

Taxi and courier driver insurance specialists, Freeway UK Insurance Services Limited, has today announced the appointment of Sabre Insurance Group plc. as a new exclusive underwriting partner for its MGA portfolio. In the five year facility, supporting volumes of up to £250million over the period, Sabre – a premium listed motor insurer underwriter – will underwrite Freeway’s market-leading insurance policies for private hire, executive hire, public hire, courier and Uber drivers.

“At Freeway, we believe exceptional drivers deserve exceptional cover. Central to this is our commitment to providing UK professional drivers with the very best value, cover, policy benefits and customer experience as standard”, comments Paul McCracken, Chief Executive Officer, Freeway. “Not only do we deliver on those key values every day, but we have delivered consistently profitable taxi insurance results every year over the last 20 years.”

“Never ones to stand still, we have ambitious growth and development plans for Freeway, both this year and into the future. We continue to set new standards in the professional driver insurance industry via market-leading technologies that put our customers first, and facilitate data-driven decision-making. Our new £250million underwriting partnership with Sabre combines our expertise in pricing, underwriting and claims handling. It enables us to continue to offer market-leading products and best-in-class service levels to our customers, while also empowering professional drivers to make informed choices for their own businesses or operations.”

Geoff Carter, Chief Executive Officer at Sabre adds: “Freeway has over 20 years of experience and has delivered consistently profitable taxi insurance results. Partnering with Freeway is a fantastic opportunity to turbocharge growth in our small taxi book, which will contribute to the Group’s profits while establishing a further degree of diversification. The partnership builds on our core capabilities and allows us to retain our underwriting discipline whilst providing incremental earnings growth.”

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About alastair walker 12556 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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