Carole Nash and Axa remain committed to Republic of Ireland bike market
Follow
Broker and insurer have no plans to imitate MCE’s Brexit withdrawal.
Major players Carole Nash and Axa Ireland have both reaffirmed their commitment to the motorcycle insurance market in the Republic of Ireland.
Yesterday (15 March), MCE Insurance announced it would be withdrawing from the market blaming Brexit and criticising the UK government for having failed to deliver a firm position on a transitional arrangement.
MCE will stop trading in the Republic on 30 March.
However, neither Axa nor Carole Nash have any intention of following the company’s lead and both stated that they remain dedicated to insuring bikers in the country.
A spokesperson for the insurer summed it up: “Axa Ireland are actively underwriting motorcycle insurance in Ireland and have no plans to stop.”
Obligations
Meanwhile, Carole Nash confirmed to Insurance Age that since the UK voted to leave the European Union it had been making detailed plans on how it will honour its obligations to its Irish customers.
The broker’s CEO Ian Donaldson flagged that it had been engaged with initiatives for the Irish biking and specialist vehicle market for nearly 20 years.
Just last April it bought Cornmarket Insurance Services’ motorcycle insurance book of 6,000 policies in the Republic of Ireland.
“We remain committed to our presence in Ireland and we look forward to expanding within the Irish bike and classic car market for many years to come,” Donaldson concluded.
For all the latest industry news direct to your inbox, sign up for our daily newsletter.
More on Insurer
POLL: UNRATED INSURERS
Most read
- Aston Lark buys Ingram Hawkins and Nock
- Aviva targets medium sized SMEs
- NMU Letchworth office axed in regional restructure
- David Cahoon steps up as MD at Rural Insurance
- The stats: March 2018 - The Acturis Premium Index
- UK General launches personal lines cyber cover
- Canopius follows up buyout with new COO and CFO