MCE Insurance - tits up

[Freddyfruitba...]

Seen in another forum. Doesn't affect me fortunately, but FFS...

https://cdn.img.s1000xr.uk/imagedd133ee7d54e453c.png

I didn't know this could happen in the UK?
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KC100->CB100N->CB250RS--------->DL650AL2->R1200RS->R1250RS

[Vracktal]

Yup, I just got the email as I have both my bikes insured with MCE. Extremely vexing as I was paid in full until September and the process for claiming back the refund for unused months looks like an absolute pain. I use my bikes for work so I have to sort something annoyingly.


I imagine a whole lot of people who don't read their emails regularly are about to get done it on Feb 1 when they get caught riding without insurance. :/
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2007 BMW R1200R: On road
2009 BMW G650X Challenge: On road
1975 Norton Commando 850: Off road, awaiting recommissioning

[Polarbear]

[Moth]

I'm not & never have been a customer of them, but yeah . . . This is going to affect a lot of my mates.

In our rag tag gang of rogues, vagabonds & ne'er do well'ers we have a genuine bonafide £400ph Barrister, who is strangely incommunicado at the mo'. Not that he's ever given his services freely before, but mates are mates & when they need help . . . !

Is one of the more mature & sensible bike journalists on the case?

My first thoughts are the cost of any policy should be reimbursed by the card/payment provider, but the thought of the 1000's out there who will be riding blissfully unaware they aren't insewered fills me with dread.
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Watch the cloth, Moth.

[UncleFester]

Indeed, shit times.....
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2017 Z1000SX

[xX-Alex-Xx]

[trevor saxe-coburg-gotha]

Yeah me and a mate got that email last night.

I initially thought they'd be covering existing polices until they lapsed.


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"Life is a sexually transmitted disease and the mortality rate is one hundred percent."

Mobylette Type 50 ---> Raleigh Grifter ---> Neval Minsk 125

[xX-Alex-Xx]

[arry]

What will be interesting is seeing if MCE the intermediary decide to charge fees to replace business with their new chosen provider (Sabre) - that will be hilarious.

[doggone]

[MarJay]

[arry]

It's as Marjay sets out - the underwriter which is MCE Gibraltar went into administration, blamed on the inability to meet Solvency II requirements (they would have to hold more capital to cover reserves and investors saw diminished returns).

Sabre were in the background trying to essentially bulk transfer the book, as they have the required capital aligned. But in the end this didn't happen, most likely because Sabre decided they could just take the book anyway, at more favourable terms.

[Fat Angry Scotsman]

I paid in-full and up-front for both my 125cc and kwak policies with MCE, now just seen an e-mail today that both policies are being cancelled on 31st Jan and that if I want my money back for unused months then I need to apply for compensation for the FSCS and that looks like a fucking massive pain.

It's been more than 120 days since I started both policies so I can't even use the VISA or Mastercard reversal.

Also what happens to my NCB with them? They never sent me any documents stating my NCB when I renewed with them.

Cunts.
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PRESENT: 2018 BMW S1000XR SE Sport.
PAST: 2009 Kawasaki ER-6F. 2021 Zontes ZT-125U.

[arry]

[Polarbear]

[Fat Angry Scotsman]

[Nobby the Bastard]

From what I've heard about MCE it's no loss.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Triumph Sprint ST 1050

[redeem ouzzer]

They had that cunt Big Ed in their adverts. I'm glad they've gone bust and have zero sympathy for anyone who uses them.
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Be a REAL MAN!

[Fat Angry Scotsman]

[Polarbear]

[ThunderGuts]

If you're yet to attain full NCD, or especially if you're in the first few years of riding, this will be a pain too, depending on how accommodating subsequent insurers are. In the past, insurers have typically only registered whole years with them as NCD qualifiable. Exceptions might be made in these circumstances though.

It's a bit rubbish though.
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TG.

[Fat Angry Scotsman]

[Nobby the Bastard]

If you are fully comp I'd be tempted to fuck them in the arse with your busted bike whilst you have the chance.

The best time to kick someone is when they are down and can't fight back.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Triumph Sprint ST 1050

[Fat Angry Scotsman]

[MarJay]