Ratcliffe Underwriting ideally placed to plug gap left by GEFION

30th July 2020

PRESS RELEASE

Following the recent announcements that the Danish firm GEFION has had its licence removed to act as an insurance company by the Danish Financial Supervisory Authority, Ratcliffe Underwriting, the British Insurance Brokers’ Association (BIBA) Transportation Scheme provider, is gearing up to meet the needs of brokers and customers affected by this move.

Ratcliffes have been successfully trading for nearly 45 years and specialise in arranging insurance cover for haulage owner-operators and fleet operators in the transport industry. They also cover carriers of own goods and multi-drop couriers.

The broker market is a key focus for Ratcliffes which has been working with and supporting brokers operating in this specialist marketplace. The company already works with over 350 brokers.

Michael Ratcliffe MBE, Managing Director of Ratcliffes commented:
“The collapse of GEFION is, of course, unfortunate, but our primary concern is that brokers and direct customers in our field know that we stand ready to meet their needs, while their policies run-off. We are in excellent shape to meet the needs of brokers with our industry expertise, in house claims team and first-class links with insurers. We will devote whatever resources it takes to make sure we offer every assistance. We would encourage any brokers that had customers and policies placed with GEFION to contact our Broker Department at the earliest opportunity to ensure a smooth transition.”

Brokers that want to contact Ratcliffes can either visit their website – www.ratcliffes.co.uk or call them on 01242 544 544.

Steve White, CEO of BIBA added: “Ratcliffes has provided the BIBA member Transportation Insurance scheme for three years with great expertise and consistently high service.  I am confident that they will manage the change of capacity for some of our members with skill and professionalism using their valuable relationships with key Insurers.”

Ratcliffe Underwriting is a subsidiary of M R Ratcliffe Consultants Ltd. They act as a wholesale distributor to insurance brokers offering a broad range of insurance solutions for both commercial vehicles and motor-related cover. They are one of the country’s leading insurance brokers specialising in transport insurance, reflected in the fact that they are members of the Freight Transport Association and Associate Members of the Road Haulage Association. Ratcliffes are a family run firm based in Cheltenham and pride themselves on their traditional values.