Tradex the new leader in black cab insurance

by David Masters

Story link: Tradex the new leader in black cab insurance

Tradex Insurance has reported the acquisition of the Westminster Motor Insurance Association.

Both companies have a significant share of the Public and Private Hire market. Tradex says that the acquisition and merging of accounts puts them in the “lead position” of London’s Black Cab insurers.

Tradex’s Quota Share partners, Swiss Re, will continue to provide support for this increased venture.

Stephen Endean, Tradex’s chief executive, said of the acquisition: “We are delighted to welcome the experience and dedication of the Westminster team on board. Together, we will now control in excess of £100M in commercial motor, motor trade and motor liability business”.

“Our thanks go to Swiss Re for their involvement in bringing us together and continued support.”