Sabre expands into motorcycle insurance with MCE underwriting deal
Sabre takes over as MCE states it stopped placing new business and renewals with its own Gibraltar-based insurance arm, MCE Insurance Company, on 5 November.
Sabre Insurance Group has signed an agreement with MCE Insurance to become the exclusive underwriter for policies issued by MCE, effective immediately.
The motor insurer noted that, under the terms of the agreement, Sabre will have complete control of pricing, claims handling and reserving.
It added that it has also received access to MCE’s multi-year claims and policy data which will be combined with Sabre’s digital pricing techniques.
According to Sabre, the business is not paying a
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