GWP less treaty: £60.3m
Motors Insurance Company, address:
Jubilee House, 5 Mid Point Business Park, Thornbury, West Yorkshire
t: 01274 260 170
f: 0870 752 7100
Year established: 1993
Major shareholders: Car Care Plan (Holdings) Ltd. Ultimately MICL is a member of the General Motors family
Number of UK employees: 16
Main lines of business: Mechanical breakdown insurance, GAP insurance and physical damage on vehicle stock.
Motors Insurance Company Ltd (MICL) was established in 1993 and with its sister company Car Care Plan Ltd comprises Car Care Plan Holdings.
MICL is a UK-registered insurance company. Working in partnership with Car Care Plan and other administrators, it carries the underwriting risk on mechanical breakdown programmes provided throughout the UK and mainland Europe for a wide range of motor manufacturer and motor dealer customers.
In many cases, this is through reinsurance relationships with local insurers, combining MICL's specialist product knowledge with the third-party insurer's knowledge of the local market.
MICL has also established wholesale floor plan insurance programmes in many European countries, providing a cost-effective means for finance companies and dealers to protect their vehicle stocks.
Guaranteed Asset Protection insurance is underwritten in the UK providing protection against shortfalls arising from the total loss of a vehicle.
Chief officer: Gary Whitelam, managing director.