Marsh Commercial partners with Pedalsure

Tie-up to leverage broker's UK-wide network

Marsh Commercial partners with Pedalsure

Insurance News

By Terry Gangcuangco

Marsh Commercial, which will have a new chief executive come 2022, has partnered with specialist cycling insurer Pedalsure.

“We are excited to announce our collaboration with Pedalsure,” said Marsh Commercial sales director Chris Barclay. “Their dedication to customer service and innovation aligns closely with Marsh Commercial’s.

“Our capacity to support organisations through growth and change, combined with our experience in risk and insurance, means we can draw on our collective insight to provide the best solutions and support for both Pedalsure and its growing number of customers. We look forward to working closely with their team.”

Among other things, the tie-up will see Pedalsure leverage Marsh Commercial’s UK-wide network spanning 45 offices. The partnership comes following 2020’s 45% growth (according to the Bicycle Association) in bicycles and cycling accessories sales. The jump was even higher for e-bike sales, at 70%.

“We are incredibly pleased to share this news today (November 17),” commented Pedalsure CEO Philip Lochner, “and I am delighted to announce our collaboration with Marsh Commercial. Most importantly, this will enable us to better service our dedicated customers through an even stronger compliance and best-practice framework.

“This is a very encouraging time for the cycling industry in the UK, and I am very confident Marsh’s world-class expertise will allow us to continue our own exciting growth journey as a specialist insurer in the UK.”

Pedalsure came to life in 2014 and has insured more than £105 million worth of bikes.

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