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Insight
MELBOURNE
Tel: +61 (0)3 8562 9100
LONDON
Tel: +44 (0)20 7398 4080
www.sportscover.com
info@sportscover.com
Talk to us for the best deal in
sports and leisure insurance
SYDNEY
Tel: +61 (0)2 8833 5800
TORONTO
Tel: +1 (416) 987-7595
Leader of the
pack for sports
and leisure
insurance
UNDERWRITING LTD
Sportscover Managing Agency
Approved by Lloyd’s
Lloyd’s and the UK Financial
Services Authority have
given approval for a new
managing agency to take
over the management of
the Sportscover syndicate,
3334
SCS.
The
new
managing agency is known
as Sportscover Underwriting
Limited
(“SCU”)
and
commenced operating from
24th of December 2008.
Sportscover’s syndicate started writing business in Lloyd’s in 2006
and has been highly successful in focussing on writing sports and
leisure business from many markets around the world. This is
business that has largely not previously been seen at Lloyd’s.
SCU’s CEO, Matthew Riley, said, “We are delighted that Lloyd’s
has approved our application. It clearly demonstrates that they
are prepared to support businesses within the market and assist
them to grow. Lloyd’s excels in providing a platform for unique
specialisms and capacity such as ours”.
The SCU Board includes some highly experienced market
practitioners in both executive and non–executive roles. The non-
executive Chairman of SCU, Bob Wallace, has had a long and
distinguished career as a Lloyd’s underwriter as well as having
held several executive positions within managing agencies. Also
on the board are Director of Underwriting Peter Nash, Syndicate
3334 Active Underwriter Chris Nash and former English rugby star,
Andrew Ripley.
Group Managing Director, Peter Nash, commented, “This is a
significant achievement for Sportscover. We have come a long way
since the company was established and we now write business in
16 countries on four continents and have offices in six cities. It
proves the worth of our business model and is a tribute to the
hard work and dedication of all the staff in the wider Group. We
have always been convinced that Lloyd’s is the right market for us
and have stuck to our strategy to achieve our goal. This provides
another major step in the Group’s development.”
Sportscover is one of only 52 managing agents operating in the
prestigious Lloyd’s Market and features alongside companies such
as QBE, Ace and Travelers. All of the syndicates operating in
Lloyd’s have the benefit of the Lloyd’s A security rating.