Carole Nash has announced that it has reached an agreement with Cornmarket Insurance Services to purchase its Republic of Ireland motorcycle insurance book.
Effective from 1st July 2017, the deal with Cornmarket Insurance Services will see Carole Nash acquire the motorcycle renewal rights of the insurer's Irish customer base.
The move will result in the Manchester head quartered specialist insurance broker taking on approximately 6,000 new policies, which will be managed solely from the company's Republic of Ireland office, based in Dublin.
David Newman, Carole Nash's CEO, said; "We are very pleased to be inheriting a well run book of business from an insurance provider that we have respected for a number of years. It's yet another landmark deal for Carole Nash as we continue to drive the sector through our expert biking knowledge that delivers fresh product innovation time and time again.
"We welcome Cornmarket customers into the Carole Nash family and look forward to providing them with the exceptional service and great value insurance that our policyholders are naturally accustomed to.”
Sam Geddis, MD of Cornmarket Insurance Services, commented: ‘To ensure that the insurance needs of our motorcycle customers in the Republic of Ireland continue to be met, Cornmarket Insurance Services has searched the market for a partner who can provide specialist biking expertise with a great benefits package and at a comparable price. On this basis, Cornmarket Insurance Services has selected Carole Nash, one of the country’s most experienced motorcycle insurance brokers to provide customers with a new quote at next renewal date.’
"Carole Nash has been a proud supporter of Ireland's flourishing motorbike community since 1999 and invested so much into it – from their sponsorship of World Superbike Champion Jonathan Rea, all the way through to rescuing a number of Irish Road Race events from cancellation. They understand bikers meticulously and we're certain our policyholders will be thrilled to be riding alongside them."
Existing Cornmarket policies remain unchanged and insurance representatives will be contacting their customers in good time ahead of their renewal.