Bike Insurance coverage Dealer MCE goes into administration

SPECIALIST motorbike insurance coverage agency MCE has gone into administration, with its underwriter confirming that an investigation will now be carried out to guage the viability of the enterprise.

A press release from the dealer mentioned:

“The corporate won’t be writing any new insurance policies. The joint directors are working intently with [underwriter] Sabre to discover a decision that minimises any disruption to present policyholders and ensures they’re handled pretty.

“All prospects’ present insurance policies stay in place; they’ll proceed to have cowl and usually are not impacted by the appointment of the joint directors. There’s, subsequently, no motion prospects must take. Sabre is just not affected by this administration and can proceed to fulfill legitimate claims made underneath present insurance policies.”

The corporate insured throughout each two and four-wheels, though it’s most likely finest identified to UK riders for its bike enterprise, fronted by the comedy character ‘Large Ed’, a caricature that appeared at British Superbike rounds on the rostrum when MCE was the title sponsor.

MCE was eager to level out that failure to pay direct debit funds and renewals on insurance policies might outcome within the cancellation of a prospects coverage and went on to verify through its underwriter, Sabre, that insurance policies are nonetheless in power and would shield prospects within the occasion of a declare.

MCE formally went into administration in June, with the primary stories showing in specialist press retailers round every week in the past.