About Tradex Insurance Company

About Tradex Insurance Services 

Tradex Insurance Services is a trading name of a well-known national motor trade insurance broker and a key part of the Clegg Gifford Group. Motor Traders up and down the country consistently choose to deal with Tradex insurance Services for its expertise in all aspects of the motor trade - from mechanics, to dealers, from large workshops, garages and showrooms right through to specialist trades and even those trading from home on a part-time basis. 

The Clegg Gifford Group 

Clegg Gifford (CG) was founded in 1968 as a general insurance broker, and later evolved into a Lloyds Broker. Clegg Gifford maintains a broad spectrum of both personal and commercial insurance products and is a well-known broker in the UK Insurance Industry, with a national clientele and a heritage in the motor trade.

CG has always written the majority of its business directly with the public, but also has a strong wholesale identity – providing non-Lloyds brokers with access to Lloyd’s facilities, as well as being able to place business under its various binders.

CG is currently celebrating its 50th anniversary and looks forward to the next seventy years of working with our customers and building great new relationships, as well as welcoming back long-standing clients who we are proud to serve over the last half century.  

Westminster Insurance 

Westminster insurance is a trading name of CG, which celebrates its 70th birthday this year. Westminster provides a long-standing appointed representative network with a national footprint throughout the UK.

Key Developments 

In December 2014 CG purchased the Westminster insurance brand and book of business from Tradex this includes its nationwide network of 40 tied appointed representatives.

In December 2016, CG purchased the broker (wholesale) insurance book from Tradex. This included nationwide relationships with 800 insurance brokers. The book was primarily motor trade business, but included some fleet, family fleet, personality and commercial vehicle business. 
Company Ownership

CG is a family owned company with Roy Clegg the majority shareholder. There are common shareholders between Clegg Gifford and Tradex insurance company. Tradex operates a binding (delegated) authority with Clegg Gifford which allows CG to underwrite under Tradex’s control, administer policies, handle complaints and manage claims.  

Direct ​Customers 

CG and Tradex Insurance Services have a substantial book of business direct with customers like you. We have a flexible and accommodating approach to new risks and welcome discussions with you about how we can find a policy for you. This includes talking g through options with new start ups, as well as those seeking competitive rental terms on their existing renewal that might be placed elsewhere. We have experienced and friendly underwriters ready to take your call and guide you through the process. 

For Brokers

Tradex welcomes enquiries from brokers, not just for motor related risks but also for commercial, Lloyd’s risks and London market access on a one-off or scheme basis, We have relationships with 1000 brokers nationally and always welcome new conversations. We are known for expertise and flexibility in accommodating niche areas in addition to our core motor lines - it never hurts to ask!