The Auto-Cycle Union has appointed Berkshire Hathaway Specialty Insurance as its new insurance provider with effect from 1st November. The deal comes on the back of a two-year review by the ACU of safety management and insurance arrangements, which led to it updating its risk assessments to align with guidelines from the Health and Safety Executive. The ACU said it had also forged a closer working relationship with its longstanding broker, Lockton.

An insurance day in March attracted 11 carriers with four insurers going on to submit formal terms to partner the ACU as part of a competitive tender process.

Matthew Edwards-Wear, CEO of the Auto-Cycle Union, said: “On the eve of our last renewal, we were facing a significant premium increase with only one insurer willing to quote for the business. That’s something we had to change and were committed to addressing ahead of this renewal.

“Following a lot of hard work around our risk management activities and industry engagement, we’ve seen genuine competition return during the ACU’s renewal period. That tells us something important: motorcycle sport in the UK is not only viable, but insurable. That’s a real turning point and the package of benefits that comes with that will be felt at every level of the sport.”