BIBA launches scheme for transportation risks through M R Ratcliffe
21st September 2017
BIBA has launched a new scheme for transportation risks through recognised experts in the field M R Ratcliffe Consultants Ltd.
Transportation businesses including haulage, couriers, coaches and buses can be difficult to find markets for because of their specialist nature and the high underwriting risks associated with them. The market for placing transportation business is small and in such a specialist area the benefits of using a broker expert in the class are huge.
This new scheme provides BIBA members with access through M R Ratcliffe Consultants Ltd to the markets able to carry the risk and will be able to offer an extended range of covers to commercial clients with heavier transportation needs.
BIBA Head of Technical Services Mike Hallam said: “This is a first for BIBA and we are really pleased to bring this technical commercial scheme to our members. The knowledge of the sector that Ratcliffes bring with them will be that BIBA members can rely on one of the UK’s largest operators in the transport insurance market. It’s an excellent arrangement for them and their commercial clients.”
Michael Ratcliffe, Managing Director of M R Ratcliffe Consultants Ltd said: “Insuring commercial vehicles with a trustworthy rated UK insurer, whether HGVs or courier vans, vehicles used for hire & reward or larger vehicles for own goods, can be a challenge for brokers experienced in the market and those who do not routinely see this type of enquiry. We are delighted to be working with BIBA to help their members access the cover their clients need.”
Notes to editors
- For further information please contact:
BIBA press office:
Pam Quinn, Head of Communications
020 7397 0223
Leighann Forsyth; Deputy Head of Communications
020 7397 0223
- About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes just under 2,000 regulated firms, employing more than 100,000 staff. General insurance brokers contribute 1% of GDP to the UK economy, they arrange 52% of all general insurance and 78% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.
BIBA helps more than 250,000 people a year to access insurance protection through its Find a Broker service, both online and via the telephone.
BIBA is the voice of the sector advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.