Taxi specialists Freeway UK Insurance Services tie up £250m 5-year deal with Sabre Insurance Group

Taxi and courier driver insurance specialists, Freeway UK Insurance Services Limited, have announced the appointment of Sabre Insurance Group plc. as a new exclusive underwriting partner for its MGA portfolio.

In the five year facility, supporting volumes of up to £250million over the period, Sabre – a premium listed motor insurer underwriter – will underwrite Freeway’s market-leading insurance policies for private hire, executive hire, public hire, courier and Uber drivers.

Paul McCracken, Freeway Chief Executive Officer, said: “At Freeway, we believe exceptional drivers deserve exceptional cover. Central to this is our commitment to providing UK professional drivers with the very best value, cover, policy benefits and customer experience as standard.

“Not only do we deliver on those key values every day, but we have delivered consistently profitable taxi insurance results every year over the last 20 years.”

“Never ones to stand still, we have ambitious growth and development plans for Freeway, both this year and into the future. We continue to set new standards in the professional driver insurance industry via market-leading technologies that put our customers first, and facilitate data-driven decision-making.

“Our new £250million underwriting partnership with Sabre combines our expertise in pricing, underwriting and claims handling. It enables us to continue to offer market-leading products and best-in-class service levels to our customers, while also empowering professional drivers to make informed choices for their own businesses or operations.”

Geoff Carter, Sabre Chief Executive Officer, said: “Freeway has over 20 years of experience and has delivered consistently profitable taxi insurance results. Partnering with Freeway is a fantastic opportunity to turbocharge growth in our small taxi book, which will contribute to the Group’s profits while establishing a further degree of diversification. The partnership builds on our core capabilities and allows us to retain our underwriting discipline whilst providing incremental earnings growth.”