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29/7/08 11:35:01 AM
Sportscover Works with Shanghai Asian
Insurance Brokers To Win Significant
Contract
China
Through cooperation with Shanghai Asian Insurance Brokers (SAIB),
the Sportscover Lloyd’s syndicate has secured a major new piece of business
in China.
This business has resulted from the relationship which has been
confirmed by signing a Memorandum of Understanding. Sportscover and
SAIB will jointly develop sports insurance business in China where SAIB
have recently been appointed as insurance advisors to the Shanghai Munici-
pal authority.
The signing of the Memorandum of Understanding was followed by
a presentation held at the prestigious Shanghai Yacht Club on the Bund to
the municipal authorities of the Shanghai, Jiangsu and Zhejiang provinces.
Hosted jointly by SAIB and Lloyd’s Reinsurance Company China Limited
(LRCCL), the event was attended by senior government officials, Lloyd’s
and Chinese insurance market representatives.
Keynote speaker Peter Nash, Managing Director of Sportscover and
Active underwriter for Sportscover syndicate 3334 at Lloyd’s commented:
“This is a significant step into the Chinese market for Sportscover. We are
delighted to be working with Shanghai Asian Insurance Brokers to provide
insurance solutions for the Chinese sports market. SAIB’s position as
advisor to the Shanghai Municipal Authority is an indication of their status
and professionalism as insurance brokers in China and we are delighted to
be working with them to develop sports insurance business.”
Mr Bao Rong Qing, Managing Director of SAIB added: “We are
looking forward to working with Sportscover. They are able to provide
specialist products which are currently not available in the Chinese market.
We believe that this will be a very long and fruitful relationship”
“We Believe That This Will Be
A Very Long And Fruitful Relationship”
Insight
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