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Motor market currently ‘at about the softest point in the cycle’ – Geoff Carter

By 2025-03-26T08:00:00

Geoff carter 2

‘Our view is that the market is substantially underpriced on new business at the moment – the pendulum has swung too far,’ says chief executive

The motor market cycle of hardening and softening is “at about the softest point in the cycle” at the moment, according to motor specialist insurer Sabre’s chief executive Geoff Carter. 

In its full-year financial results for 2024, published last week (18 March 2024), Sabre posted a combined operating ratio of 84.2% and a record high gross written premium figure of £236.4m.

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