Magnet Acquires Model Railway Scheme

Magnet Insurance Services Ltd has purchased the Model Railway Insurance business from Taylor McGill.

"It is very much business as usual for our model railway insurance customers"

Magnet's managing director Tony Bound, who was previously a director of Taylor McGill, commented on the acquisition: “Whilst working at Taylor McGill, I was responsible for the Model Railway Insurance business and over the last 3 years have helped to insure most of the UK’s model railway clubs, societies, and individual enthusiasts. During this time I have acquired a good understanding of the particular insurance needs for those connected to the model railway hobby and built some strong relationships."

"Magnet Insurance will continue to provide our new customers with a personal, high quality service and I look forward to continuing our relationship. It is very much business as usual for our model railway insurance customers, other than the name over the door has changed to Magnet Insurance.”

During the time that Tony has been managing the scheme, it has grown by over 100% and its policyholders now account for more than 70% of the UK market.

For new quotations for Exhibition, Club or Collector’s Insurance please visit www.modelrailwayinsurance.co.uk or tel: 01636 858249.