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Gloucestershire Business News

Insurers seal two-year contract extension

NFU Mutual has extended its contract with SYNETIQ, the largest UK owned salvage and vehicle recycling company.

The two-year extension cements a relationship which started in April 2017 with Gloucester-based Motorhog, one of the four businesses which merged to create SYNETIQ last year,

The firm, which is based in Doncaster and has salvage dealers in Cinderford, marked a successful first year of trading last month.

Dale Kirkton, claims supply manager at NFU Mutual, said: "SYNETIQ provided NFU Mutual with a seamless transition with a well thought through and supportive strategy.

"The relationship has developed into a value expanding agreement from the outset."

Following the outbreak of COVID-19, members of SYNETIQ staff were classed as key workers.

The business has worked behind closed doors to support clients, including police, insurance and fleet customers.

Read more: Staff at two Gloucestershire sites working hard to keep critical services on the road 

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