‏‏ Motorcycle insurer MCE cancels cover for all 105,000 policyholders - Mobilyardim

Motorcycle insurer MCE cancels cover for all 105,000 policyholders

For policies taken out before November 9, 2021, the shake-up means:

  • The coverage of the car or van insurance ends on January 14, 2022 at midnight.
  • The coverage for the motorcycle or scooter insurance ends on January 31, 2022 at midnight.

Your policy with MCE Insurance Company will remain in effect until these dates, and you will receive a pro-rata refund for 90% of any unused months remaining on your Financial Services Compensation Scheme (FSCS) policy. This refund will be sent to you by check.

But you will need to arrange new coverage to take over from these dates if you intend to continue using your vehicle as it is illegal to drive uninsured. Below you will find more information on how to find the best policy for your needs. You can also consult our guides to cheap motorcycle insurance, cheap van insurance and cheap car insurance for help getting the best quote.

If you would like to receive a no claims bonus you will need to contact broker MCE UK although it is unclear if they will be honored if your policy ends early. We’ve asked and we’ll update this story when we know more.

Why is my policy canceled?

MCE Insurance Company, now known as Green Realizations 123, had sold a range of motorcycle products through broker MCE UK, including motorcycle, private car and van insurance. Both companies were part of the same parent group, but the insurance arm went into administration on Nov. 19, 2021, with Andrew Stoneman and Geoff Bouchier of consulting firm Kroll being appointed as joint administrators.

At the time, the company said all existing policies taken out with MCE Insurance Company would remain normal until maturity. But the insurer has now told policyholders that they will cancel their coverage due to the company’s “financial position”.

However, new policies taken out with MCE’s brokering division on or after November 9, 2021 will be underwritten by Saber Insurance Group and not by MCE’s insurance arm. This means that these customers are not affected by the insurance side of the business going into administration and you will remain covered. In this scenario, you can make policy changes or claims by contacting Sabre. See Saber’s website for more info.


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