22nd December 2006
The final round-up of the year brings a new player into the classic bike insurance business, a call for past TT riders, a new VMCC branch, a plea for old Brit iron, and something to do on New Year's Day...
Carole Nash Business Sold for £80million
There has been speculation for some time that the specialist insurance broker, Carole Nash, was up for sale. The announcement came last week that a deal had been done and the company has been bought by Groupama UK. Groupama is a European giant in the insurance industry and employs around 32,000 people, with annual revenues in the tens of billions. Carole Nash is the UK and Ireland's biggest motorcycle insurance specialist, turns over around £6million per month, and has over 240,000 policyholders.
Carole herself, who founded the business in 1985, will be retiring but will be on hand in an 'ambassadorial' role in future. After 21 years in the business, starting from a spare room at home, she deserves a rest…
Two-wheeled customers have been assured that it will be 'business as usual' for them, as the motorcycle concern 'will continue to operate entirely separately, under its existing management team.' There are no job losses expected from the 350 staff who work for Carole Nash in Manchester and Dublin.
Pierre Lefèvre, the Chairman and Chief Executive at Groupama UK said: 'This is an important strategic acquisition for our Group and one that offers us almost unrivalled access to a number of niche markets and presents the opportunity for valuable profitable growth. Carole Nash is a market leading business with excellent people, tremendous market knowledge and highly respected products. The business has a very strong brand presence in its chosen areas and we will be supporting the existing management team to maximise the potential of the Carole Nash brand.'
New Year's Day RC Riders Welcome!
Don't forget the Classic Bike Meeting on January 1st at the Temple Bar Inn, Ewyas Harold, between Abergavenny and Hereford just off the A465. The pub is owned by RC regular BikerMarc, and he's invited all classic enthusiasts to come along from 11am regardless of the weather or your transportation (if it's too cold to ride your classic bikes then just come along and talk about them!).
The Temple Bar Inn offers real ales, freshly prepared food, is very classic biker friendly, and you get 10% discount off any meal if you show your RC card. Call 01981 240423 for directions.
Call for Past-Masters
The date for the 2007 Bob Mcintyre Memorial Classic Races has been confirmed as June 16th/17th, and the organisers are planning something extra-special for this year's event (which will take place at the East Fortune Raceway in East Lothian). The Scottish Classic Racing MCC, who host the event, intend to celebrate the 50 years since Bob McIntyre became the first rider to lap the IoM TT circuit at over 100mph, when he rode the 4-cylinder Gilera in 1957.
So the organisers would love to hold a reunion of racers who took part in that Senior TT in 1957. It doesn't matter if you don't feel up to riding - but if you were a competitor 50 years ago then you'd be very welcome to join a parade or simply take a stroll around the paddock.
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