- Sportscover Nominated as Employer of the Year
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Media Release
2 July 2014 |
Sportscover Nominated as Employer of the Year
Download PDF Media Release
Sportscover is delighted it has been nominated as a finalist in the Generation i Youth Development and Employer of the Year category at the 2014 Australia and New Zealand Insurance Industry Awards. The other two finalists in this category are Aon, BT Financial Group.
A thrilled David Lamb, CEO of Sportscover Australia, was proud that the long standing culture of youth development and training had led to Sportscover being nominated. “We are delighted to be a finalist in this year’s awards and to be acknowledged for our commitment to our staff. Sportscover has always understood the value and worth of young people in its workforce. Over its twenty-seven year history Sportscover has had a policy of recruiting energetic young people with a positive attitude and followed through with a commitment to train and develop them with several of them rising through the ranks to hold very senior positions. Youth and sport are two common threads and another factor that I am extremely proud of is that 90% of our workforce has participated in sport by playing, coaching or administrating and there’s barely a sport that someone in the office hasn’t been involved in at some point in time. I mean, our receptionist has represented Australia in three sports alone, and she’s only 25! Choosing staff with the right attitude and commitment has re-paid us tenfold and has been a major factor in Sportscover becoming a world-leading sports and leisure insurer”.
David continued, “One of my objectives is for Sportscover to be recognised as an employer of choice. This is certainly helped by the staff being able to experience working life in our offices in Melbourne, Sydney, Shanghai and London.”
ANZIIF congratulated Sportscover for reaching the finalist stage in the Generation i Youth Development and Employer of the Year category for Australian Insurance Industry Awards. “This year we received a record number of submissions, all of which were extremely high quality. With so much competition, making it to final selection is a commendable achievement.”
Award winners are announced and presented at a gala presentation evening attended by over 800 industry leaders and members. The awards will be held on Wednesday 20 August 2014 at The Star Event Centre, Sydney.
Sportscover is one of the world's leading sports and leisure insurance services groups with offices in London, Melbourne, Sydney, Shanghai, and the Pacific Islands. Using a worldwide broker network, Sportscover specialises in accident, liability, property, contingency and travel insurances for sport and leisure.
As a Lloyd's syndicate, SCS 3334 benefits from Lloyd's market rating and is the only A rated dedicated sports and leisure insurer in the world. Sportscover's main underwriting operations comprise Sportscover Underwriting Ltd, Syndicate 3334, Sportscover Australia Pty Ltd, Sportscover Europe Ltd., Sportscover Insurance Ltd, SCI Capital Ltd.
- Sportscover and Haverford end strategic partnership talks
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Media Release
27 June 2014 |
Sportscover and Haverford end strategic partnership talks
Download PDF Media Release
After many months of media speculation it was announced today by Peter Nash, Chairman of Wild Goose Holdings (the holding company for Sportscover) and Mark Byrne, Chairman of Haverford, that the discussions regarding the sale of Syndicate 3334 and SCI Capital to Haverford had ended. Talks had commenced in the latter part of last year and had continued into 2014 but have now ceased.
Peter Nash said, “We had hoped for a different conclusion, but things don’t always work out as you had planned. We will continue to pursue our Group expansion plans as usual and will look at other potential opportunities as they arise.”
Mark Byrne commented, “This is a disappointing end to what we thought was a promising discussion.”
Both parties agreed that there will be no further comment on the discussions.
Sportscover is one of the world's leading sports and leisure insurance services groups with offices in London, Melbourne, Sydney, Shanghai, and the Pacific Islands. Using a worldwide broker network, Sportscover specialises in accident, liability, property, contingency and travel insurances for sport and leisure. As a Lloyd's syndicate, SCS 3334 benefits from Lloyd's market rating and is the only A rated dedicated sports and leisure insurer in the world. Sportscover's main underwriting operations comprise Sportscover Underwriting Ltd, Syndicate 3334, Sportscover Australia Pty Ltd, Sportscover Europe Ltd., Sportscover Insurance Ltd, SCI Capital Ltd.
Haverford is a group of financial service companies with operations in Bermuda, England, Gibraltar, India, the Philippines, Singapore and Switzerland. Headed by Chairman Mark Byrne, the Haverford Group provides specialty insurance and reinsurance solutions as well as other financial services to its business partners. Haverford's main underwriting operations comprise Haverford (Bermuda) Limited and St. Bernard Assure Limited.
- Sportscover presents Victorian Coach of the Year at the 2013 VicSport awards
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Sportscover presents Victorian Coach of the Year at the 2013 VicSport awards
Sportscover Australia CEO David Lamb presents the Victorian Coach of the Year award to Kateryna Logachova at the 2013 Victorian Sports Awards. Kateryna is the Head Coach at the Prahran Rhythmic Gymnastics Specialist Centre, and her gymnasts took gold in every competition they were entered in.
Kateryna accept her award on YouTube.
- Touchline - Edition 17 out now
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Touchline - Edition 17 out now
The latest edition of Touchline - the free journal of Sport, Leisure and Risk with an International Perspective - is out now.
- Downhill ski, medals triumph and failure, world records and
curling - a risky business?
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Downhill ski, medals triumph and failure, world records and curling - a risky business?
Published in Post Online - 7 February 2014
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Ahead of Sochi, Sportscover Europe business development director Paul Thomas looks at the insurance risks behind the 22nd Winter Olympic Games.
By Paul Thomas, Business Development Director at Sportscover Europe
7 February, 2014
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With the arrival of the 22nd Winter Olympic Games in Sochi, this week sees the start of one of the world’s great sporting spectacles. With 98 events across 15 disciplines, it looks set to deliver a feast of entertainment and endeavor. Sport takes central importance across the world, but it has particular resonance here in the UK. It was the UK, after all, that codified a good proportion of the world sporting events that take place every day -including the curling event at this year's Winter Olympics
As we all know, curling is a sport in which players slide stones across a sheet of ice towards a target area which is segmented into four concentric rings. It is related to bowls, boule and shuffleboard, and will no doubt play an integral role in the nation's sporting imagination next week.
But as with the London Olympics of two years ago, which attracted the scrutiny of the world's media and a plethora of security analysts, areas such as Chechnya, Dagestan and Georgia - all nations close to Sochi's location on the north coast of the Black Sea - are likely to be a part of the narrative
Two recent bombings in Volgograd and reports of suicide bombers dubbed "black widows" in operation prompted the US government to say it viewed the Games as an "attractive target for terrorists."
It is hard for us sports lovers in the UK to get our heads around this kind of talk. Sport is ingrained in our collective psyche as being a topic of fierce pub debate, tribal loyalty, or even national handwringing -like when the ball clearly crosses the line but the linesman somehow misses it, as happened in the last FIFA World Cup when Frank Lampard had his shot ruled out against Germany - but security nonetheless looks set to play a major role in the Winter Olympics.
Yet Sochi is merely part of a greater festival of sport that we can look forward to this year. Lest we forget, another global sporting extravaganza, the FIFA World Cup, takes place this Summer in Brazil, the spiritual home of football.
Closer to home we can look forward the Tour de France visiting the UK once again and commencing for the first time in Yorkshire. Of course, these events are not without risk, and it is here that the Lloyd's insurance market comes into its own as a leading provider of specialist sports cover for participants.
Indeed, when it comes to the blue ribbon events of the year, the top athletes will certainly be well-advised and have appropriate bespoke protection. But worryingly, at the amateur level there is still a lack of education of the benefits of suitable insurance cover.
With diverse participant bases, it can be challenging for sporting bodies to satisfy the varied insurance requirements of their membership. Having access to additional products is therefore crucial to ensure peace of mind, whatever your sport or performance level.
Ultimately, whether you operate as an amateur light head third eleven prop in the Rugby union or an elite Olympic downhill skier, advice about personal welfare and insurance protection will always be needed -and the London insurance market is particularly well serviced to provide it.
By Paul Thomas, Business Development Director at Sportscover Europe
- Olympic adrenaline: insurers do not shy away from dangerous sports
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Olympic adrenaline: insurers do not shy away from dangerous sports
The attached article – Olympic Adrenaline – by Sportscover business development director, Paul Thomas, published on 7th February 2014, is reprinted with kind permission of Insurance Day.
If you require further information or news services from Insurance Day please visit their website www.insuranceday.com or contact Carl.Josey@informa.com.
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With the Winter Olympics now under way in Sochi, the potential for serious sporting injury rises.
By Paul Thomas, Business Development Director at Sportscover Europe
7 February, 2014
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With the arrival of the 22nd Winter Olympic Games in Sochi, this week sees the start of one of the world’s great sporting spectacles. With 98 events across 15 disciplines, it looks set to deliver a feast of entertainment and endeavor. Sport takes central importance across the world, but it has particular resonance here in the UK. It was the UK, after all, that codified a good proportion of the world sporting events that take place every day -including the curling event at this year's Winter Olympics
After seven years of waiting, the Russian resort of Sochi between the Black Sea and the Caucasus mountains will for two weeks be the centre of global media attention with the start of the 22nd Winter Olympic Games.
Already Russia’s president, Vladimir Putin, has been on the slopes in the mountains in full ski regalia in a move intended to silence the sceptics who claimed as with Vancouver four years ago a potential lack of snow could have hampered some events. Well, the snow has arrived, the weather forecast looks encouraging and, besides, such has been the extent of planning and preparation for this sporting spectacle even if conditions do deteriorate there will be no need to worry. The organisers have 500 snow guns ready to make artificial snow, with 710,000 m3 of snow also in special storage, having been taken from the Caucasus mountains last winter.
Out of organisers’ hands
Despite the meticulous preparation for these Winter Olympics, however, one factor will always be out of the hands of the organisers: sporting injury. The simple fact remains these games will have a slew of events which are by their nature inherently dangerous. As recently as 2012 Canadian World Cup skiing cross-country specialist Nic Zoricic and World Championship-winning freestyle skier Sarah Burke both lost their lives on the slopes.
At a World Cup race on March 10 in Grindelward in Switzerland, Zoricic crashed head-first into netting lining the course after going wide and falling on the final jump. He suffered severe skull and brain trauma and was airlifted to a hospital in Interlaken where he was later pronounced dead. Earlier that year, Burke was seriously injured while training on the Park City Mountain Resort Eagle superpipe in Utah and later died in hospital. Four years previously, Austria’s Mathias Lanzinger lost control in a men’s World Cup downhill event at Kvitfjell, Norway and had to have his left leg amputated below the knee.
Wide range of activities
Of course, the Winter Olympics encompass a much wider range of activities than skiing. Indeed, one of the attractions of the event for the casual viewer is the opportunity to engage with some of the more esoteric winter events which have increasingly come to the fore in recent years such as the luge, snowboarding and skeleton. Unfortunately, however, these events can pose just as much danger to competitors, as sadly demonstrated at the 2010 Vancouver Winter Olympics when Georgian luger Nodar Kumaritashvili lost control at 88 mph during a late-morning training run and flew off the final corner at the Whistler Sliding Centre. The 21-year-old Olympian struck one of the structural poles lining that part of the course and attempts to revive him at the track were unsuccessful.
It is important to remember nonetheless these sports are not limited to the Olympic Games. Skeleton, a spin-off from the popular British sport of Cresta sledding, where a person rides a small sled down a frozen track while lying face down, became permanently added to the Winter Olympic programme in 2002. Popularity in the sport has grown since then and now includes participation by some countries that do not or cannot have a track because of climate, terrain or monetary limitations. Athletes from such countries as Australia, New Zealand, Bermuda, South Africa, Argentina, Iraq, Israel, Mexico, Brazil and even the Virgin Islands have become involved with the sport in recent years.
Another more esoteric winter sport, the luge (which translates as “sled”) sees competitors travelling feet-first down an icy track at up to 85 mph with only a helmet for protection. This is catching on in countries you would not necessarily expect; for example, you can learn to luge in Britain, with Chill Factore in Manchester offering a dedicated luge facility. It is only 60 m long and far removed from the Olympic event, but still offers a taste.
No shortage of cover
Whether at the highest level of competition or at a more amateur level, participants in such dangerous sports should be comforted by the knowledge underwriters do not shy away from cover. The insurance market, especially at Lloyd’s, has a distinguished history of offering accident insurance to cover death or disablement for professional athletes participating in such events, with similar cover also available for those wishing to participate at an amateur level, typically offering compensation and/or rehabilitation for disabling injury, medical expenses and loss of income. Indeed, Sportscover has recently signed a four-year partnership with the UK’s high-performance sports agency, UK Sport, which is responsible for unlocking Britain’s Olympic and Paralympic potential.
It is reassuring to know even though for many of us the nearest we will get to a head-first slide down an ice track at 80 mph is merely as a spectator from the comfort of our lounge, for those who do want to get serious this winter – whether in Sochi or Manchester – bespoke cover is there to support them.
Sochi by numbers
7 winter sports represented: biathlon, bobsleigh, curling, ice hockey, luge, skating and skiing
11 venues to be used in the games
18 days for Sochi Games from start to finish
48 distance (kilometres) between Sochi’s “Coastal”’ and “Mountain” clusters
85 nations participating
98 sets of bronze, silver and gold medals
6,000 athletes competing in the games
25,000 volunteers working at games
$50bn estimated cost
- Sportscover named Official Partner of UK Sport
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Sportscover named Official Partner of UK Sport on Road to Rio
Lloyd’s insurer Sportscover has become an Official Partner of UK Sport, the nation’s high performance sports agency, under a four-year partnership deal announced today.
As UK Sport’s annual World Class Performance Conference got underway in Manchester, where over 300 Performance Directors, coaches and support staff from Britain’s Olympic and Paralympic sports will gather for the next three days to learn, debate and share best practice, Sportscover were also unveiled as the new Presenting Partner of the event for the next four years.
With over 25 years’ experience of underwriting a range of insurance products and delivering risk management solutions for the sports and events industry, Sportscover, as a partner to UK Sport, will bring a wealth of expertise to the UK high performance system. As part of their rights, Sportscover will also become the Presenting Partner of UK Sport’s Gold Event Series Workshops and Governance events through to 2017.
Paul Thomas, Business Development Director at Sportscover commented: “Sportscover are delighted to be working with such a prestigious partner as UK Sport. Given our focus on sport it is a natural fit for both parties. This represents a further step forward towards our ultimate goal of becoming synonymous with sport in this country. We look forward to assisting UK Sport and its beneficiaries with the continued delivery of excellence across the sporting landscape”.
Liz Nicholl, CEO of UK Sport, said: “It’s fantastic for us to be able to announce that Sportscover will act as a key partner to UK Sport on the road to Rio.”
“Their investment will allow us to continue to provide key learning and development opportunities to coaches, event managers and governance specialists as we look to build a stronger more sustainable high performance sports system in the UK.
“Sportscover will be sharing their time, experience, and leading industry knowledge at many conferences and events to come, and we look forward to working with them on a number of exciting projects.”
Sportscover are the third organisation to become an Official Partner to UK Sport since London 2012, alongside BAE Systems, Official Research & Innovation Partner, and Bupa, Official Health Insurance Partner. These partnerships complement and add value to the core funding UK Sport receives from the Government and National Lottery, enabling record investment in Britain’s athletes on the road to Sochi, Rio and beyond.
- Sportscover’s Blunt to retire after 42 years in the Market
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Sportscover’s Blunt to retire after 42 years in the Market
Download this Media Release - PDF
After a distinguished underwriting career spanning over forty years, the last twenty three as a Lloyd’s leader in Bloodstock, Sportscover’s class underwriter Robin Blunt has announced his retirement.
Robin is well known in the market and a highly respected underwriter in his class. He has built a small but profitable book of Bloodstock business at Sportscover Syndicate 3334 since his appointment in 2011.
Robin said, “I have had a wonderful career in the Bloodstock market at Lloyd’s doing something that I have really enjoyed. For any underwriter, being a lead underwriter at Lloyd’s is the pinnacle of achievement and I will leave the market with many fond memories of my time here.”
He continued, “I have always stuck to the principle that I will only write business if I can make a profit. The market has become so competitive that it is increasingly difficult to maintain that principle going forward. Therefore, I felt that it was the right time to start the next phase of my life as I have a number of other interests that I want to pursue.“
Murray Anderson, Active Underwriter for syndicate 3334 commented, “Robin was the reason that we went into the Bloodstock class in 2011. He brought his extensive experience in the class when he joined us and has made a profit on the book every year. We will miss him and we wish him all the very best in his retirement”.
As a result of Blunt’s retirement, Sportscover has decided to run-off its Bloodstock account.
“We knew that we had an underwriter in Robin who would only write business if he could make a profit,” Anderson added. “As Robin has confirmed, it is a highly competitive class and we do not feel that this is likely to change anytime soon. Consequently, we have decided that we will no longer continue to write Bloodstock business going forward”.
Blunt will spend his last day on a Lloyd’s box on September 13th.
- Sportscover and RoSPA join forces to improve safety in the sport and leisure industry
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Media release:
20th June, 2013 |
Sportscover and RoSPA join forces to improve safety in the sport and leisure industry
Download this Media Release - PDF
The Royal Society for the Prevention of Accidents (RoSPA) has partnered with Sportscover in a bid to boost quality and safety across the UK’s sport and leisure industry.
RoSPA, the UK’s leading accident prevention charity, and Sportscover, established in 1986 as a worldwide specialist sports and leisure insurer which has an insurance syndicate at Lloyd’s of London, will collaborate on safety campaigns, policy and industry initiatives.
A key focus will be on identifying emerging risks leading to injuries and accidents in the sector to create a better understanding of what is at the root of these problems and how to tackle them.
RoSPA also hopes the partnership will encourage the sport and leisure industry to embrace its ethos of being “as safe as necessary, not as safe as possible”.
Sportscover and Active (Sportscover’s leisure brand) policy holders will benefit from priority access to RoSPA’s risk management information and services, including a helpline offering free water and leisure health and safety advice and support following accidents and deaths, as well as preferential rates on RoSPA consultancy, membership and playground inspections.
David Walker, RoSPA’s leisure safety manager, said: “Sportscover is a trusted name with an expert insight into sport and leisure management in the UK and abroad, which shares RoSPA’s commitment to improving safety.”
“We are confident that this partnership will help spread the benefits of good risk management and high quality expertise across the sector, with the help of Sportscover’s huge reach of clients whether it be individual participants, coaches, instructors, facility operators, event organisers or indeed national governing bodies.”
Paul Thomas, business development director at Sportscover, said: “We are delighted to be working with RoSPA. Its name is synonymous with health and safety in the sectors we accommodate through our Sportscover and Active product range.
“We have enjoyed considerable dialogue with RoSPA during the past 18 months and it has become clear that the partnership will be of considerable benefit to both parties and, more importantly, our existing and prospective policyholders. We continue to look forward to assisting RoSPA in their mission to improve safety.”
RoSPA, which has nearly 100 years of expertise, is dedicated to saving lives and reducing injuries by preventing accidents at leisure, at work, on the road, in the home and through safety education.
- [England & Wales only] Jackson reforms - employers' and public liability insurance
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[ENGLAND & WALES] Jackson reforms - employers' and public liability insurance
Recent legislative changes have altered how employers’ liability and public liability claims are dealt with, being based on recommendations put forward in the Jackson report.
Read our PDF which explains the reforms in greater detail.
Download PDF
- Sportscover and RoSPA join forces to improve safety in the sport and leisure industry
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Media release:
20th June, 2013 |
Sportscover and RoSPA join forces to improve safety in the sport and leisure industry
Download this Media Release - PDF
The Royal Society for the Prevention of Accidents (RoSPA) has partnered with Sportscover in a bid to boost quality and safety across the UK’s sport and leisure industry.
RoSPA, the UK’s leading accident prevention charity, and Sportscover, established in 1986 as a worldwide specialist sports and leisure insurer which has an insurance syndicate at Lloyd’s of London, will collaborate on safety campaigns, policy and industry initiatives.
A key focus will be on identifying emerging risks leading to injuries and accidents in the sector to create a better understanding of what is at the root of these problems and how to tackle them.
RoSPA also hopes the partnership will encourage the sport and leisure industry to embrace its ethos of being “as safe as necessary, not as safe as possible”.
Sportscover and Active (Sportscover’s leisure brand) policy holders will benefit from priority access to RoSPA’s risk management information and services, including a helpline offering free water and leisure health and safety advice and support following accidents and deaths, as well as preferential rates on RoSPA consultancy, membership and playground inspections.
David Walker, RoSPA’s leisure safety manager, said: “Sportscover is a trusted name with an expert insight into sport and leisure management in the UK and abroad, which shares RoSPA’s commitment to improving safety.”
“We are confident that this partnership will help spread the benefits of good risk management and high quality expertise across the sector, with the help of Sportscover’s huge reach of clients whether it be individual participants, coaches, instructors, facility operators, event organisers or indeed national governing bodies.”
Paul Thomas, business development director at Sportscover, said: “We are delighted to be working with RoSPA. Its name is synonymous with health and safety in the sectors we accommodate through our Sportscover and Active product range.
“We have enjoyed considerable dialogue with RoSPA during the past 18 months and it has become clear that the partnership will be of considerable benefit to both parties and, more importantly, our existing and prospective policyholders. We continue to look forward to assisting RoSPA in their mission to improve safety.”
RoSPA, which has nearly 100 years of expertise, is dedicated to saving lives and reducing injuries by preventing accidents at leisure, at work, on the road, in the home and through safety education.
- Sportscover become Bronze sponsor of Dame Kelly Holmes Legacy Trust
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Media release:
29th May, 2013 |
Sportscover become Bronze sponsor of Dame Kelly Holmes Legacy Trust
Download this Media Release - PDF
Sportscover is proud to announce that it has become a Bronze sponsor of The Dame Kelly Holmes Legacy Trust. The announcement came at the recent fourth annual DKHLT Golf Day which raised in excess of £25,000 for the Trust. Among the many sporting superstars taking part in the day were Matthew Pincent, Kriss Akabusi, Clarke Carlisle, Mark Foster and Dame Kelly Holmes herself.
The Dame Kelly Holmes Legacy Trust is committed to 'getting young lives on track’ through a range of innovative projects. Central to every project is the opportunity for each young person to work alongside elite sports performers.
As well as the lives of young people, the DKH Legacy Trust is also committed to supporting athletes, whether they are still competing, retired or in that transition phase of their lives, experienced by so many top-class sports performers.
Julie Whelan, the Trust's CEO, said;
"A really exciting development that we were able to announce is that Sportscover have extended their support to join the Trust team as a Bronze sponsor of the Trust. They are at the top of their field in what they do, which is providing sports insurance for grass roots clubs, so we are really pleased to be working with them, and we are looking forward to what the partnership will bring."
Sportscover Europe’s CEO, Matthew Riley said; “The work of the Trust is so important in helping many young people turn their lives around. Sport can be such an amazing catalyst in changing lives, bringing people together and providing confidence to achieve greater things. Sport is our business
and so we are very proud to be working with the Dame Kelly Holmes Legacy Trust as a Bronze sponsor.”
- Chris Nash interviewed for Insurance News Australia about Boston Marathon Bombing
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Chris Nash interviewed for Insurance News Australia about Boston Marathon Bombing
Sportscover's Managing Director Chris Nash has been interviewed for Insurance News Australia about the Boston Marathon Bombing. Mr Nash described how the bombing will influence risk management of these types of events, and the effect it will have on cancellation rates.
The article has been transcribed below:
CANCELLATION RATES COULD RISE
THE BOSTON Marathon bombing could cause cancellation premium rates to rise for major events around the world.
The world also could see much stricter controls on risk management of big events especially those that draw big crowds.
“This terror act is really going to change the game,” Chris Nash, managing director of Sportscover Australia and active underwriter for Lloyd’s Syndicate 3334. “It is a real tragedy.”
Society would even have to think about major events like Sydney’s City to Surf where some 70,000 people participate.
From a risk management perspective and from liability and cancellations there were issues that were going to rise up.
Nevertheless, he was pleased to see and to say that the London Marathon went “without a hitch” at the weekend. This event was as much a festival as a run and had to be preserved.
However, such an event now took a much stronger demand on risk management.
Mr Nash said event organisers were going to be asked to do the impossible to prevent any similar circumstance.
The only way they could mitigate any financial fall-out was in insurance. It was “guaranteed to be an increase in premium.”
Although he sympathised with all the wounded in Boston, there would be no or little personal accident-injury insurance cover because they would be without act of terrorism cover.
However, the main change in the insurance game would be cancellation cover and this might be being sought after two big sports events were cancelled after the marathon bombings – understood to be the Boston Bruins ice hockey team and the Boston Celtics basketball team matches.
Mr Nash also cited the matter when AXA withdrew its cover for the Japan-Korea FIFA World Cup 2002, following the WTC terrorist bombings a year before having accepted the risk several years before.
Warren Buffet’s Berkshire Hathaway picked up the insurance and no terrorist act was committed.
RISK MANAGEMENT TO BE A BIG ISSUE
RISK MANAGEMENT procedures for major open space events will have to change around the world following the Boston Marathon bombings last week.
Boston was a second tier city, that is not like the majors New York, London, Berlin, for instance, and thus it was unexpected that any such terrorist act would explode there.
But that was not to say it could not happen again in such a city, even Melbourne, said Chris Nash, managing director of Sportscover Australia and active underwriter for Lloyd’s Syndicate 3334.
“We also will go through a change in the terrorism insurance market,” he told INAcom.
There would be opportunities for people to write terrorism and over time the market also would across expand liability and contingency businesses.
The disappointing thing about such acts as Boston was that people who were injured were going to miss out on cover. Also people who want to enjoy such events could miss out also, especially as many of them want to run for charity.
For Sportscover, because of the knock-on effect of cancellations a lot of its cover was written through binders, especially in the US.
“So we do not know to what extent the claims will be,” he said.
Mr Nash added that the Boston Marathon was not actually cancelled because most of the runners had finished. The bombs were set off 4 hours after the race started. “My feeling is that there will be no claims (cancellation) on Boston Marathon itself but on subsequent events.”
“We will definitely see cancellation rises for this type of event and underwriters will be very, very nervous,” he added.
- David Boyle appointed Contingency underwriter at
Sportscover’s syndicate
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Media Release
7th March, 2013 |
David Boyle appointed Contingency underwriter at
Sportscover’s syndicate
Sportscover is pleased to announce the appointment of David Boyle as class
underwriter for Contingency at Lloyd’s syndicate 3334. David, who most recently
was contingency underwriter at Munich Re commenced underwriting with Syndicate
3334 yesterday. He reports directly to the syndicate’s Joint Active underwriter,
Murray Anderson.
David has many years experience in contingency and before Munich Re underwrote
a contingency account at Sirius and Worldwide Special Risks.
Commenting on the appointment, David said, “I am excited at the prospect of
working with the Sportscover team. I have been aware of Sportscover’s significant
growth in contingency over the past few years and I believe that this will be a
tremendous opportunity for me to continue to build the book.”
David will be replacing Sportscover’s current contingency underwriter, Ben Wiggins,
who is moving to Canada at the end of April.
Murray Anderson said, “I am delighted that David has joined us. He has a well
deserved reputation for being an experienced and high quality contingency
underwriter. Our contingency account has grown strongly in the past few years and
I am sure that he will continue to grow that area of our business.”
He added, “Obviously I wish to thank Ben sincerely for his work within the
Sportscover Group for the past six and a half years and in particular the past twelve
months ensuring the Contingency division continued growing. All of us at
Sportscover wish him the very best of luck for his new life in Canada.”
- Peter Robertson joins team Sportscover
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Peter Robertson joins team Sportscover
Three time ITU World Champion Peter Robertson joined Team Sportscover in the Nissan Corporate Triathlon held in Elwood, Victoria, Australia. 'Robbo' was joined by Sportscover Australia CEO David Lamb, Director Tim Nash and Underwriter Jarrod Morey.
Robertson, Australia's greatest male triathlete over the Olympic distance, is currently making a comeback to professional sport. However, he is 'upsizing' to the half ironman distance - a gruelling 1.9km swim, 90km cycle and 21km race. He joined Sportscover's team to use the event as training and preparation. Robbo led his team to come home second.
Robertson was the last man to win a world triathlon title for Australia in 2005. Now he wants to be the first to achieve the feat again - eight years on and 37-years-old. "My passion for the sport is back. I didn't retire because I wasn't fit or had an injury, I retired because I was burnt out. Didn't love it anymore." However, the Olympian, with one of the best runs in the game, said his love for triathlon was reignited while working briefly with junior talent. "It has excited me and made me realise I wasn't finished".
"That's the real goal, to win Hawaii," said Robertson, buoyed by the knowledge that age has proved no barrier to success in the ultra-distance races with Alexander, 38, and McCormack, 37, when they won the Hawaii Ironman in 2011 and 2010 respectively. "I'm thinking of this as a second chance for me".
Click here to view the video of Robertson in Team Sportscover on YouTube
- Steve Boucher joins the UAC board
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Steve Boucher joins the UAC board
Sportscover's Marketing and Business Development Director Steve Boucher has been elected to the Underwriting Agencies Council (UAC) board following its AGM in December.
Mr Boucher was elected along with Dual Australia MD Peter Bailey, joining re-elected directors Heath Amber, Linda King and Jo Lindsay-Eschbank.
Find out more at Insurance News
- Leading water safety charity launches national safety guidance for water sports
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Leading water safety charity launches national safety guidance for water sports
Launching the guidance: David Walker, Leisure Safety Manager RoSPA, Esther Pearson, CEO SLSGB and Paul Thomas, Underwriting Manager, Sportscover.
With a surge in popularity of open water swimming and water sports, two leading British safety organisations have teamed up in a bid to save lives.
Surf Life Saving GB (SLSGB) and The Royal Society for the Prevention of Accidents (RoSPA) have today (Monday 17 December) issued Event Water Safety Guidance for local authorities, charities, sports organisations, event operators and leisure companies.
The guide is a result of extensive research into water injuries and deaths over a variety of water sports. It is the first time comprehensive advice has been brought together in one place for organisations handling activities from surfing to boating and open water swimming.
Latest figures from the Water Incident Database (WAID) show there were 420 water-related deaths from accidents or natural causes across the UK in 2010.
The majority of deaths, 52 per cent (217 fatalities), took place in inland waters including rivers, lochs and reservoirs. A further 22 per cent (94) were at the coast or in a harbour, dock, marina or port, and 17 per cent (73) occurred out at sea.
The Guidance, sponsored by Lloyd’s insurer Sportscover and with support from Derby University, includes emergency planning, how to choose the right equipment, risk assessment and other health and safety advice.
Surf Life Saving GB is a charity of more than 6,000 volunteers who since 1954 have devoted their time to providing water safety education and patrols on beaches and areas of open water nationwide.
David Walker, leisure safety manager for RoSPA, said: “The rationale for this guidance is to bring together good policies on water safety to help site managers and ultimately save lives, especially with more people taking part in open swimming events and similar sports.
“This new guidance is the first time that this information has been collected in one place and should give those involved with watersports a point of help in every situation.”
Esther Pearson, Chief Executive of Surf Life Saving GB said:
“Surf Life Saving GB clubs are the heart of their communities and there are many calls on our lifeguards to support the increasing number of water-based events, as well as our own growing life saving sport programme. There have been a number of occasions that we and our members have been concerned about varying standards of event water safety management.
“This document aims to assist in the improvement of standards by creating an overarching strategic framework that sits across a variety of sporting disciplines. By setting a standard for safety for all water-based events, we hope to reduce risk across the country, allowing more people to enjoy water-based activities on our coasts and waterways.
”Without the commitment to safety by a number of leading organisations we would not have been able to create this guide. In particular, the research, authoring and publication of this document would not have been possible without the support of RoSPA and Sportscover, to whom we offer our grateful thanks.”
SLSGB celebrates its 60th anniversary in 2013 and last month signed a new strategic partnership with Surf Life Saving Australia (SLSA) at a special reception at Buckingham Palace hosted by His Royal Highness, the Duke of Edinburgh, KG, KT.
The document can be viewed at:
http://slsgb.force.com/documents/servlet/servlet.FileDownload?file=00P2000000JKRebEAH
For more information please contact:
Rosalie Birch
Surf Life Saving GB
+447793 865589 / rbirch@slsgb.org.uk
About SLSGB
Surf Life Saving GB is a charity of over 6,000 volunteers helping to make our beaches a safer and more enjoyable place for everyone. SLSGB volunteers have been providing beach lifeguard training and patrolling the coast for nearly 60 years. SLSGB clubs are nationwide, training members aged from five years upwards in beach education, lifesaving, rescue and fitness skills, helping create fitter and safer communities by the sea.
Surf Life Saving GB is the awarding body for the highest standard of beach lifeguard qualification in the country, and also offers water safety awards and qualifications including surf swimming, board paddling and surf skiing, along with coasteering and IRB operations.
SLSGB is the National Governing Body for Life Saving Sport, a display of the skills developed and used in life saving rescues. Competition is multi-disciplined and multi-event with close ties to swimming, athletics, kayaking, rowing, surfing and power boating.
SLSGB will provide opportunities for 20,000 people a year to become fitter and safer by the sea.
- Madeleine Hogan wins bronze
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Madeleine Hogan wins bronze
Sportscover would like to congratulate Madeleine Hogan who won bronze at the London Paralympics in the women’s F46 javelin with a personal best effort.
The world champion coming into the competition, Maddy hit 34.98m in round one, before 37.52m, 38.38m, 38.69m, 36.01m and was positioned fourth after five rounds. The 23-year old's final attempt was a personal best of 38.85m capture bronze on her last attempt from Hongmei Zhao (CHN, fourth, 38.41m). Madeleine was joined on the dais by Katarzyna Piekart (POL, first, 41.15m, WR) and Nataliya Gudkova (RUS, second, 41.08m, PB)
Hogan said: “There have been a few variables that have stopped me from being as perfect as I could be coming into the Games but a six-throw series of season best throws is great and I’m sure the coach will be happy about that.
She then joked: “To be honest when I was in 4th place with a throw to go I thought to myself that John (Eden, Hogan’s coach) would be angry if I don’t do well so I had to pull one out of the bag. He has that effect on me.”
Sportscover Australia's CEO David Lamb says “Everyone at Sportscover are very proud of Maddy, to pull a personal best on your last throw to win bronze is a tremendous effort….. Sportscover is extremely honoured to be involved with a wonderful athlete like Maddy.”
- Lloyd’s Sporting History
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Lloyd’s Sporting History
Reproduced from Lloyds.com
As the world watches London’s spectacular summer of sport, Lloyd’s looks back at its own history of supporting sporting dreams.
The Lloyd’s market has certainly played its part. In the run up to the Beijing Games four years ago, Lloyd’s insurer Sportscover was thrilled when one of the athletes it sponsored, hockey player Sarah Thomas, was picked for the GB Squad. Sarah is now a double Olympian having been picked again for the 2012 squad.
Lloyd’s insurer Beazley has recently found out that virtue can be its own reward. It was shortlisted for the prestigious Hollis Sponsorship Awards in the Sports Sponsorship (under £750k) category for its support of British Fencing. The countdown clock on Beazley’s website has been steadily ticking away the days before the Olympic Fencing begins.
Lloyd’s Patriotic Fund is also particularly pleased that one of the charities it sponsors will have such a strong showing at the London Games. The British Limbless Ex-Servicemen’s Association (BLESMA) supports former military personnel through physical rehabilitation, residential care, financial grants and welfare advice.
Seven of their ex-servicemen are taking part in events including rowing, volleyball, sailing and cycling at the Paralympics. We wish them the best of luck.
Lloyd’s own staff too, have been keen to help their hometown Games. Eric Linin who works in Lloyd’s Human Resources Department, will be undertaking 11-hour long shifts as a volunteer marshal. But the hours don’t faze him one bit,
“To be involved in the greatest show on earth, in my home town is amazing. I’ll be able to say that I was there.”
Lloyd’s has long provided cover for sporting events across the globe. However, these events would not be possible without the hard work and dedication of the men and women striving for sporting glory.
- Madeleine Hogan Sponsored by Sportscover
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Media Release
18th July, 2012 |
Madeleine Hogan Sponsored by Sportscover
Sportscover now proudly sponsors Madeleine Hogan. Maddy is a world-leading F46 javelin thrower who won bronze for Australia at the 2008 Paralympics in Beijing and is preparing to take the next step in London 2012.
Maddy was born without half of her left arm, but has never seen this as a disadvantage. She has excelled at sport, including as a cricketer - representing her state of Victoria, and is also a skilled golfer.
However Maddy beats all comers when it comes to Javelin. In addition to winning bronze at the 2008 Olympics, Maddy won Gold at the 2011 IPC Athletics World Championships in Christchurch. By beating the rest of the field by 4m, while carrying an injury into the competition, has proved Maddy to be a true champion.
Maddy balances her sporting commitments with university, studying Exercise and Sport Science at Deakin University. At the London 2012 Games, Maddy will be looking to improve on her 2008 performance by bringing home Gold for Australia. We wish her all the best.
- Nina Heglund Selected
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Media Release
25th June, 2012 |
Nina Heglund Selected
Nina Heglund, handball player proudly sponsored by Sportscover, has been formally selected to represent Team GB at the London Olympics.
Nina and her 13 teammates have the added honour of making history by being the first athletes to ever represent Team GB in handball at the Olympics.
Nina has been keeping a blog of her preparation and progress – visit http://ninaheglund.blogspot.com.au/.
Follow Nina on twitter - @NinaHeglund - http://twitter.com/#!/NinaHeglund
- Sportscover appoints new Claim's Staff
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Sportscover appoints new Claim's Staff
Download this Media Release - PDF
Sportscover has today announced two new additions to their claims department.
David Lamb, Sportscover’s CEO in Australia, is extremely excited about the two new staff joining the company and the additional experience they will bring to the business. David said, “I am delighted with the two additions to the claims team. The two new staff members will bring a depth of knowledge and experience that will further strengthen Sportscover’s claims department and prepare us for the growth in business we are currently experiencing as a result of carrier instability and the resulting flight to quality. Claims are our number one priority and it’s critical we continue to provide quality service and technical advice to our clients and brokers”.
Melina Papas has joined Sportscover as a Claims Relationship Manager. Melina has worked in the insurance industry for ten years, with experience at a number of companies including Honan Insurance Brokers, Marsh, Crawford and Company and, most recently, managing liability claims for the Department of Sustainability and Environment.
Fiona Davis joins Sportscover from Toll Transport where she managed workers’ compensation claims, settling and negotiating litigated matters and dealing with a multitude of lawyers, doctors, injured workers and investigative bodies. Fiona has a well-rounded background having also worked at QBE, JLT and also for a third party claims administrator and has handled various types of bodily injury and liability claims for around 15 years.
Sportscover is one of the world's leading sports and leisure insurance services groups with offices in London, Melbourne, Sydney, Shanghai, and the Pacific Islands. Using a worldwide broker network, Sportscover specialises in accident, liability, property, contingency and travel insurances for sport and leisure. As a Lloyd's syndicate, SCS 3334 benefits from Lloyd's market rating and is the only A rated dedicated sports and leisure insurer in the world. Sportscover's main underwriting operations comprise Sportscover Underwriting Ltd, Syndicate 3334, Sportscover Australia Pty Ltd, Sportscover Europe Ltd., Sportscover Insurance Ltd, SCI Capital Ltd.
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For further information please contact: Australia: Martin Kelly +61 (0)3 8562 9100
- Sportscover deeply saddened by the news of Simon Cincotta passing away.
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Sportscover deeply saddened by the news of Simon Cincotta passing away.
Sportscover director Simon Cincotta passed away on Monday 30th April.
Simon started with Sportscover in 1991 and not only quickly became an integral part of the business but a great friend to all who worked with him.
He had a “can do” attitude and was always willing to help. His positive attitude was infectious and there was rarely a chat with Simon that did not result in a few laughs.
As a founding director, Simon was a major part of the expansion of Sportscover including working in the various Melbourne, Sydney, Brisbane and London offices.
A very keen sportsman Simon was a Triathlete, Martial Artist, Surf Life Saver, Golfer and Melbourne FC supporter who was always willing to have a go at any number of other sports.
He married his wife Deonne and started a family. His two children Marcus and Sienna were the light of his life.
His courage and strength over the past 2 years during his battle with cancer has been an inspiration to us all.
Simon will be truly missed by everyone who knew him.
- Blunt to head up new Sportscover Specialty Lines division
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Blunt to head up new Sportscover Specialty Lines division
Download this Media Release - PDF
As part of its continuing diversification into specialist areas of business, Sportscover syndicate 3334 is pleased to announce the creation of a specialty lines division with effect from 5th April 2012.
The new division will initially comprise the existing bloodstock and contingency lines of business with Robin Blunt, Senior Underwriter, heading up the team, supported by Ben Wiggins and Ally Halstead.
Robin Blunt’s considerable market experience means Sportscover can continue to develop the syndicate’s presence and profile in the existing contingency and bloodstock market and focus on delivering innovative insurance solutions in other specialist areas. Ben Wiggins will assume the position of Contingency Underwriter and take on the day to day responsibility for the contingency portfolio. Ally Halstead will continue in her current role, supporting the team across both classes.
Robin Blunt said, “I am looking forward to the new role. Whilst primarily a Bloodstock Underwriter, I have a wide and varied experience across speciality lines of business including contingency, and so I am looking forward to the new challenge of heading up the team immensely.”
Murray Anderson, Active Underwriter for syndicate 3334 commented, “We have enjoyed tremendous support from brokers over the past few years, enabling us to build a significant and growing book of contingency business. Sportscover are always looking at opportunities to develop other areas of business and so it is therefore logical to bring these specialist lines under one roof”.
The advent of the new division represents an important step in the evolution of the syndicate’s operations and will provide the foundation for future expansion into other complementary areas.
Sportscover is one of the world's leading sports and leisure insurance services groups with offices in London, Melbourne, Sydney, Shanghai, and the Pacific Islands. Using a worldwide broker network, Sportscover specialises in accident, liability, property, contingency and travel insurances for sport and leisure. As a Lloyd's syndicate, SCS 3334 benefits from Lloyd's market rating and is the only A rated dedicated sports and leisure insurer in the world. Sportscover's main underwriting operations comprise Sportscover Underwriting Ltd, Syndicate 3334, Sportscover Australia Pty Ltd, Sportscover Europe Ltd., Sportscover Insurance Ltd, SCI Capital Ltd.
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For further information please contact:
Active Underwriter
Murray Anderson +44 (0)207 398 4080, e-mail murray.anderson@sportscover.com
Chief Executive Officer
Matthew Riley +44 (0)207 398 4080, email: matthew.riley@sportscover.com
Operations Manager
Paul Rich +44 (0)207 398 4080, e-mail paul.rich@sportscover.com
Director, Marketing & International Development
Steve Boucher +61 (0)2 4381 2266 e-mail steve.boucher@sportscover.com
For further information please contact: Australia: Martin Kelly +61 (0)3 8562 9100
- Sportscover Australia appoints new CEO
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Media Release
5th December 2011 |
Sportscover Australia appoints new CEO
Download this Media Release - PDF
Sportscover Australia has today announced the appointment of David Lamb as Chief Executive Officer based in Sportscover's Melbourne office. David will take over the position from current incumbent Chris Nash who will now be freed up to focus on Sportscover’s expansion into Asia, specifically their Shanghai operation.
Chris Nash explained "I need to be able to spend more time concentrating on expanding the business in Asia which is developing very rapidly especially after Lloyd’s have been granted the direct licence in China. That means I will be travelling a great deal more and consequently we need a highly experienced and talented person to take over the CEO role from me. I am delighted that David accepted our invitation to join the company".
Mr Lamb has been in the insurance industry for over 15 years and has performed a number of senior roles with several insurers including American Re-Insurance Company and AIG and for the last 3 years has been the Regional Manager, Major Accounts for Chartis Australia. David takes up his appointment in February 2012.
Commenting on his appointment, Mr Lamb said, "I am very excited to be taking on this senior role with such a dynamic and successful company as Sportscover. I have watched and admired their progression over the years and so it is great to now be part of the team."
He added, "I am looking forward to playing a major role in the continuing growth and development of Sportscover in Australia and throughout the region."
Sportscover have been expanding the number of countries in the region in which they do business.
David Lamb is a Fellow of the Australian Insurance Institute, has a Bachelor of Business and coaches a junior basketball team.
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For further information please contact: Australia: Martin Kelly +61 (0)3 8562 9100
- On-line quoting launched for bespoke golf cover
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Media Release
1st September 2011 |
On-line quoting launched for bespoke golf cover
Download this Media Release - PDF
Access to the widest insurance cover at the most competitive premiums is now even easier for golf clubs with the launch of a new on-line quoting system.
Golf clubs can ask their insurance broker to obtain a quote through the Australian Golf Insurance website – www.australiangolfinsurance.com with an immediate response in most cases.
Australian Golf Insurance is the specialist golf programme that was launched last year by Golf Australia and Lloyd’s insurer Sportscover and offers bespoke cover for golf club property, liability, professional indemnity, management liability and voluntary workers risks. At the time of launching the programme Golf Australia CEO, Stephen Pitt, said that it would help give clubs some peace of mind.
"The Australian Golf Insurance programme provides Golf Australia and the States the ability to minimise risk for all Australian golf clubs and golfers, something we as an industry have been striving towards for some time," Pitt said.
"This is a unique offering which provides all golf clubs in Australia the ability to obtain broad suitable cover as well as the ability to choose which broker they wish to deal with. No longer do clubs need to go to a single insurance broker to receive benefits that our buying power can generate."
However, until now quotes under the programme were obtained by the club's insurance broker contacting Sportscover's underwriters. Now they can receive a quote electronically after registering on the site.
Sportscover CEO, Chris Nash, said "The programme has been hugely successful since its launch last year. However, we wanted to make it even easier for clubs to obtain this specialist programme and so we have introduced the on-line quoting system".
The on-line quoting system is available now and clubs and their brokers can obtain more details at www.australiangolfinsurance.com or by emailing golfaust@sportscover.com
Golf Australia is the national sporting organisation for golf in Australia and the governing body for amateur golf. Its goal is to raise the level of interest and participation in the game from grassroots golfers through to the elite levels, spectators, volunteers and associated industry bodies. Key responsibilities incorporate managing national tournaments and championships including the Australian Opens as well as rules and handicapping. Working in with government, business and community, Golf Australia ensures the value of golf is understood and supported in all policy and business decisions. Golf is a game for life where participation contributes to a healthy Australian community. For more information on Golf Australia visit www.golfaustralia.org.au.
Australian owned Sportscover is one of the world's leading sports insurance underwriters with offices in Australia, the United Kingdom, China and the Pacific. Sportscover specialises in accident, liability, property, travel and contingency insurances for sport and leisure. Sportscover’s Lloyd’s syndicate, SCS 3334, managed by Sportscover Underwriting Limited, is the only A+ rated dedicated sports insurer in the world. For more information on Sportscover visit www.sportscover.com.
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For further information please contact Steve Boucher on 02 4381 2266 or Martin Kelly on 03 8562 9100, Sportscover, or Golf Australia, on 03 9626 5050
- Sportscover announced as official insurance partner for Yonex BWF World Badminton Championships
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Media Release
9th August 2011 |
Sportscover announced as official insurance partner for Yonex BWF World Badminton Championships
Download this Media Release - PDF
Lloyd's insurer Sportscover is the Official Insurance Partner for the Yonex BWF World Badminton Championships hosted by BADMINTON England taking place at Wembley Arena, London, between 8-14 August.
Peter Nash, Founder and group Chairman of Sportscover explained the reasons for partnering with Yonex BWF World Badminton Championships, "Badminton is a major global sport with over 250 million people playing it on a regular basis. Sportscover are the specialist sports insurer with a global presence and therefore when we got the opportunity to partner the Yonex BWF World Championships we had to take it. We are delighted to be able to support the game at the premier badminton championships"
Mr Nash added, "The World Badminton Championships will provide us with the opportunity to further develop the presence of Sportscover in the global badminton marketplace. We already do business in many countries around the world but this is a significant step in the evolution of our brand in other territories in which we are actively developing commercial relationships. To be associated with one of the most prestigious sporting events at the Wembley Arena, London, the official venue for Badminton in London 2012, is very special".
Sportscover's branding will appear court side when the best badminton players from all four corners of the globe do battle in front of a packed venue and a worldwide television audience of over 400 million people in over 25 countries. SKY Sports and CCTV, China’s largest domestic TV channel are amongst the broadcasters beaming the action live worldwide.
Adrian Christy, Chief Executive of BADMINTON England said of the relationship, "Sportscover has a long tradition of supporting sports and sports people since its inception in 1986 so we are delighted to welcome this global business as the latest partner for the Yonex BTF World Championships."
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For further information please contact:
Matthew Riley +44 (0)207 398 4080, e-mail moc.revocstrops@yelir.wehttam
or Steve Boucher +61 (0)2 4381 2266, e-mail moc.revocstrops@rehcuob.evets
or Martin Kelly +61 (0)3 8562 9100 moc.revocstrops@yllek.nitram
- Sportscover a finalist in the Underwriting Agency of the Year
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Media Release
15 July 2011 |
Sportscover a finalist in the Underwriting Agency of the Year
Download this Media Release - PDF
Sportscover is delighted to once again be nominated as a finalist in the Underwriting Agency of the Year category
at the 2011 Australian Insurance Industry Awards. The other two finalists in this category are Accident and Health
International and Australis Group Underwriting.
Chris Nash, CEO of Sportscover Australia, recognised the efforts of everyone involved with Sportscover that has lead to
Sportscover being nominated again. “The nomination is a tribute to our clients, broker network and staff, who are all
acknowledged in helping us with this great achievement. We are delighted to be a finalist in this year’s awards”
An ANZIIF spokesperson commented “Announcing the finalists today and acknowledging their achievement is an important
step in recognising an impressive field. Only those submissions that were deemed to be of a suitable standard by the judging
panel have made the list of finalists.”
They continued “The judging this year was a very difficult task and the level of experience, knowledge, discipline and
considered thought that the Judging panel brought to the process was exemplary. As is the case each year, the entire judging process
was independently audited by Ernst and Young to ensure the most rigorous and transparent result.”
The winner in each category will be announced at the Insurance Industry Awards Gala at the Sydney Convention and Exhibition
Centre’s Parkside Ballroom, Thursday 11 August.
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For further information please contact:
Australia: Martin Kelly +61 (0)3 8562 9100;
For details on all finalists, please see the Institute's website at:
www.theinstitute.com.au/anziif
- Sportscover Partner with Olympic Canoe Prospect
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Media Release
23 June 2011 |
Sportscover partner with Olympic canoe prospect
Download this Media Release and images - PDF
Sportscover has established a partnership with British canoeist and Olympic hopeful, Ben Farrell. Ben is a current member
of the GB canoe team training for the 2012 London Olympics. He is currently preparing for the World Championships to be
held in Hungary in 6 weeks.
Sportscover’s CEO Matthew Riley explained the reasons for partnering with Ben; “Ben is a young athlete who epitomises the
true essence of sport that is displayed by so many athletes around the world. He is a great sportsperson who has the grit
and real determination to succeed. Sportspeople like Ben need financial support and encouragement to enable them to continue
their training and work towards their goal of success. We are pleased to provide Ben with support and wish him every
success on his journey to the Olympics.”
Sportscover has a long tradition of supporting sports and sports people since its inception in 1986.
Mr Riley continued “Supporting sports and sports people has always been very important to us - whether it is grass
roots sport through our Sportscover Sponsorship Fund that has donated grants of over £30,000 or through direct
sponsorship of potential Olympic athletes like Ben. It is important that we help talented competitors at every level. ”
Ben commented; “I am very pleased to be entering into a partnership with Sportscover. They are so committed to
sports and supporting sports people and it is refreshing to find an insurer that truly understands sport.”
The partnership was announced at Lloyd’s of London with Ben presented with his branded paddle.
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For further information please contact:
Matthew Riley +44 (0)207 398 4080, e-mail moc.revocstrops@yelir.wehttam
or Steve Boucher +61 (0)2 4381 2266, e-mail moc.revocstrops@rehcuob.evets
or Martin Kelly +61 (0)3 8562 9100 moc.revocstrops@yllek.nitram
- Lloyd's Football Club Tour Singapore
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1 - 12 June 2011 |
Lloyd's Football Club Tour Singapore
It is a great pleasure to partner with one of the principal social clubs for the Lloyd's community, Lloyd's Football Club,
as they embark on their 2011 tour to Singapore from 1st - 12th June 2011. The tour will encompass games against a
professional FSA league team, the Singapore Cricket Club, a Singapore Insurance Market representative team and a Singapore
Under 18 XI. There will also be a reception hosted by Lloyd’s Asia, as well as a cocktail party hosted by Lloyd’s Football Club.
For more information on the tour and on Lloyd's FC, please visit their website: www.LloydsFC.co.uk
Tour Matches:
Saturday, 4 June 2011
•
Match 1: Versus Etoile FC
Kick off: 5:00pm
Venue: Queenstown Stadium, Singapore
Tuesday, 7 June 2011
•
Match 2: Singapore Cricket Club
Kick off: 5:30pm
Venue: Singapore Cricket Club, Singapore
Thursday, 9 June 2011
•
Match 3: Singapore Insurance Market Select XI
Kick off: 5:30pm
Venue: Dempsey Field, Singapore
Saturday, 11 June 2011
•
Match 4: Singapore U-18
Kick off: 7:00pm
Venue: Yishun Stadium, Singapore
- Sportscover appoints new Sydney office manager
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Media Release
9 May 2011 |
Sportscover appoints new Sydney office manager
Sportscover has today announced that Damian Kerin will take over responsibility for Sportscover's Sydney office with effect from 1 June 2011.
Damian replaces Simon Trowell who has decided to establish his own business after 11 years of valuable service with Sportscover. In his time
with Sportscover, Simon has been an integral part of the development of Sportscover's operations in Sydney, NSW, Queensland and overseas
and a highly valued member of the management team. There will be a handover period of one month.
Chris Nash, Sportscover's CEO in Australia said, "I have conflicting emotions in making this announcement. On the one hand I am very sorry
to see Simon depart after having worked closely with him on various projects over the past 11 years. His contribution to Sportscover's
growth has been considerable."
"However, on the other hand, I am delighted to welcome someone with the skills and depth of experience as Damian. He will be a valuable addition
to the management team having very relevant underwriting knowledge and extensive management experience. I am looking forward to him taking
over this senior role."
Damian Kerin joins Sportscover after having been with Austagencies for the past 14 years, most recently as National Manager - Specialty.
In commenting on his appointment, Damian remarked, "I am really looking forward to taking up this challenging role at Sportscover. Despite
their phenomenal growth over the past five years the company has some ambitious expansion plans for the future both here and overseas. I am
excited to be part of that development." Damian will have responsibility for Sportscover's NSW, ACT and Queensland operations and will also
be involved in the continuing growth of business in the wider region.
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For further information please contact:
Chris Nash or Martin Kelly on +61(0)3 8562 9100
or Steve Boucher +61(0)2 4381 2266
- Appointments keep Lloyd's insurer Sportscover on track with expansion strategy
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Media Release
18 April 2011 |
Appointments keep Lloyd's insurer Sportscover
on track with expansion strategy
Lloyd's insurer Sportscover is continuing to pursue its ambitious expansion and diversification strategy by announcing the appointment of
highly respected Bloodstock underwriter, Robin Blunt.
Robin has been in the insurance industry for more than 40 years, initially as a broker but the latter half of this as an underwriter in the
Lloyd's market, most recently with Lloyd's insurer Brit. He has been specialising in bloodstock since 1979. Robin becomes Bloodstock
underwriter for Sportscover's syndicate 3334 with immediate effect.
Robin commented, "I am looking forward to working with Sportscover's talented and growing team of specialist underwriters. Sportscover
have ambitious plans for the future. I am pleased to be part of a team who are determined to be the best in sports and leisure insurance."
Robin is also joined at Sportscover by Ally Halstead. Ally has worked in the London insurance market since 2006, spending two years handling
Bloodstock claims for Lexington Insurance Company, part of the AIG Group. In 2008 she joined Marketform syndicate to handle Bloodstock claims,
later expanding her role to include PA, Marine and Specie claims. She has a keen interest in horse racing, but her main focus is the Sport Horse
industry, in particular show jumping and eventing.
Matthew Riley, CEO of Sportscover Underwriting Limited, said "I am delighted that we have been able to bring to Sportscover two highly talented
insurance professionals in Robin and Ally. We are implementing our agreed development strategy and the recent appointments show that we are making
real progress towards our goal of sustainable growth through diversification by employing top quality specialists."
The appointment of Robin and Ally follows on from the employment of Contingency underwriter Simon Lyons in July last year. Simon has over 20 years
insurance experience including specific contingency experience in Cancellation, Non-Appearance, Prize Indemnity, Contract Bonus, Weather Day and
Commercial Producers Indemnity. His employment has led to a significant increase in open market contingency business written by 3334.
Sportscover has also announced that Murray Anderson has become joint Active underwriter for Syndicate 3334 with Chris Nash.
Chris Nash explained, "Sportscover is seeing a significant increase in business from around the world. Appointing Murray as joint Active Underwriter
will enable us to pursue the many business opportunities that we are seeing by focusing on particular geographic regions. This is a sensible
approach to ensure that we can make the most of the opportunities being presented to us and provide a high quality service to brokers and clients."
Murray's appointment also sees him elevated to the board of Sportscover Underwriting Ltd.
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For further information please contact:
United Kingdom: Matthew Riley +44 (0)207 398 4080 - moc.revocstrops@yelir.wehttam;
Australia: Steve Boucher +61 (0)2 4381 2266 - moc.revocstrops@rehcuob.evets
or Martin Kelly +61 (0)3 8562 9100 - moc.revocstrops@yllek.nitram;
- Lloyd's FC and Sportscover sign sponsorship deal
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Media Release
10 December 2010 |
Specialist sports and leisure Lloyd's syndicate Sportscover 3334 has signed a
sponsorship agreement with Lloyd's Football Club which will provide further
exposure for the Sportscover brand within the Lloyd's market.
Described as a 'natural fit' by Sportscover Underwriting Limited CEO, Matthew
Riley, the arrangement means that the Sportscover 3334 name will feature on
Lloyd's FC shirt fronts for all representative games played in the UK and
overseas. As part of the deal the annual Lloyd's Market football competition,
which was won by broker Aon last season, will be known as the 'Lloyd's
Community Shield Sponsored by Sportscover' and Sportscover will present the
annual Player of the Year award.
Graham Bell, Chairman of Lloyd's FC, said, "We are delighted to have
concluded this agreement with the only dedicated sports and leisure syndicate
in the Lloyd's market. Both parties see this as the start of a long term
relationship which will have significant mutual benefits".
Matthew Riley commented, "Sportscover has a long history of supporting
community sport through sponsorship, training, education and advice and so
it is a great pleasure to partner with one of the principal social clubs for the
Lloyd's community, Lloyd's Football Club. It really is a natural fit for us given
we are a Lloyd's specialist sports and leisure underwriter and insure a large
number of football clubs and associations in the UK, Europe, Australia and
beyond."
- ends -
For further information please contact:
Australia: Steve Boucher +61 (0)2 4381 2266 - moc.revocstrops@rehcuob.evets
or Martin Kelly +61 (0)3 8562 9100 - moc.revocstrops@yllek.nitram;
United Kingdom: Matthew Riley +44 (0)207 398 4080 - moc.revocstrops@yelir.wehttam;
- Touchline Magazine
-
Touchline Magazine
The journal of sport and risk with an international perspective.
Click here to download Edition 6.
Back issues available here.
- Australian golfers and clubs benefit from new insurance program
-
Media Release
14 October 2010
Golf clubs and golfers now have access to some of the widest cover available at the most competitive premiums through a new insurance product partnership between
Golf Australia and insurer Sportscover.
The Australian Golf Insurance program provided by Sportscover's Lloyd's syndicate, will offer bespoke cover for golf club property, liability, professional
indemnity, management liability and voluntary workers risks. Golf clubs can access these products through any licensed general insurance broker in Australia.
Golf Australia CEO, Stephen Pitt, said the program would help give clubs some peace of mind.
"The Australian Golf Insurance program provides Golf Australia and the States the ability to minimize risk for all Australian golf clubs and golfers, something we
as an industry have been striving towards for some time," Pitt said.
"This is a unique offering which provides all golf clubs in Australia the ability to obtain broad suitable cover as well as the ability to choose which broker they
wish to deal with. No longer do clubs need to go to a single insurance broker to receive benefits that our buying power can generate."
Sportscover CEO, Chris Nash, said "We are delighted to be working with Golf Australia to provide specialist insurance products that will be of benefit to the golfing
community. As a keen golfer myself, and as someone working in the insurance industry, I know the importance of getting cover with an insurer who understands
the risk and can offer A rated security. Golf clubs can be certain that they will have both with this new partnership."
The anticipated support of golf clubs for this initiative will allow the golf industry to play a role in influencing sustainable competitive risk and insurance costs
for all stakeholders. The new product is available now and clubs and their brokers can obtain more details at www.australiangolfinsurance.com or by emailing
moc.revocstrops@tsuaflog.
- ends -
For further information please contact Steve Boucher on 02 4381 2266 or Martin Kelly on 03 8562 9100, Sportscover, or Hamish Jones, Golf Australia, on 03 9626 5050
- Is radio DJ Merrick's Bondi swim insurable? Chris Nash on Nova 969 radio
Is radio DJ Merrick Watts Bondi swim insurable?
Find out by listening to Chris Nash's interview on Nova 969 radio:
Click here to listen [MP3 - 3.77 MB]
- Touchline Magazine
-
Touchline Magazine
The journal of sport and risk with an international perspective.
Click here to download Edition 6.
Back issues available here.
- Sportscover Make it Two Wins in a Row at the Insurance Awards
Sportscover has been named Underwriting Agency of the Year for the second consecutive year at the 2010
Australia and New Zealand Insurance Industry Awards dinner held on Thursday 12th August, 2010. This award category, which was
first introduced in 2009, is sponsored by Lloyd's.
Chris Nash, CEO of Sportscover accepted the award at the function held at the Sydney Convention and Exhibition Centre,
saying "We are extremely proud to have won this award for the second year in succession. It means a great deal to us
to be recognised by our industry through this accolade. This is a tribute to our staff for their continued hard
work, and to our broker network and clients for their tremendous support in helping us attain this great achievement."
The ANZIIF Awards are held every year and recognise the leaders in the industry in the following categories:
General Insurance Company of the Year
Innovation of the Year
Insurance Leader of the Year
Large Broker of the Year
Law Firm/Practitioner of the Year
Life Insurance Company of the Year
Loss Adjuster of the Year Reinsurance Company of the Year
Risk Manager/Team of the Year
Service Provider to the Insurance Industry
Services to the Community Award
Small - Medium Broker of the Year
Treasurer's Award for Good Governance and Practice
Underwriting Agency of the Year
Joan Fitzpatrick, CEO of ANZIIF congratulated the winners saying they are well-deserving of the recognition achieved at
an industry-leading occasion.
"The Awards highlights the professionalism and excellence of the Australian and New Zealand insurance industry. It is
important to take one night to celebrate the best and brightest, who have contributed so much to our industry," Ms
Fitzpatrick said.
"The winners announced this evening are a standard bearer for the industry's professionalism and we are very proud of
them," she said.
"It is now their responsibility, as Award recipients, to actively promote their achievement and to promote the valuable
contribution of the insurance industry to our community," she said.
- ends -
For further information please contact:
Australia: Steve Boucher +61 (0)2 4381 2266 - moc.revocstrops@rehcuob.evets
or Martin Kelly +61 (0)3 8562 9100 - moc.revocstrops@yllek.nitram;
United Kingdom: Matthew Riley +44 (0)207 398 4080 - moc.revocstrops@yelir.wehttam;
- Sportscover a finalist in the Underwriting Agency of the Year
-
Sportscover is delighted to once again be nominated as a finalist in the Underwriting Agency of the Year category
at the 2010 Australia and New Zealand Insurance Industry Awards. The other two finalists in this category are Brooklyn
Underwriting and Global Transport & Automotive Insurance.
Chris Nash, CEO of Sportscover Australia, acknowledged the continued hard work of all those involved that has lead to
Sportscover being nominated again. "We are delighted to be a finalist in this year's awards. Once again this is a tribute
to our staff, broker network and clients who are all acknowledged in helping us with this great achievement."
Joan Fitzpatrick, ANZIIF CEO and Chair of the Judging Panel says the success of the Awards is due to the active involvement
of the whole industry. "The standard of the nominations this year has been very high and it is pleasing to see how much the
industry has embraced the importance of this type of recognition, with a record number of entries received," Fitzpatrick said.
"The judging task was intensive and the wealth of experience, knowledge and considered thought that our panel of judges
brought to the process was exemplary. Having assessed each written submission across each criterion for the category and
scored them, the judges then met for a day to discuss and evaluate again the top scoring candidates before lodging a silent
vote with the auditors," she said.
Award winners are announced and presented at a gala presentation evening attended by over 800 industry leaders and members. The
awards will be held on Thursday 12 August 2010 at the Parkside Ballroom, Sydney Convention and Exhibition Centre.
- ends -
For further information please contact:
Australia: Martin Kelly +61 (0)3 8562 9100 - moc.revocstrops@yllek.nitram;
United Kingdom: Matthew Riley +44 (0)207 398 4080 - moc.revocstrops@yelir.wehttam;
- Sportscover deeply saddened by news of Andy Ripley's passing.
-
Andy Ripley OBE
We are deeply saddened by the news that Andy Ripley passed away on 17 June after a long illness.
Andy was one of the inaugural non-executive directors on the Board of our Lloyd's managing agent,
Sportscover Underwriting Limited when it convened in December 2008. His business acumen, insightfulness
and wit was always in evidence and his overall contribution during this time was invaluable.
Andy will be sorely missed by all of us at Sportscover.
- Sportscover expects "significant boost" in
Chinese business from Lloyd's China direct licence
-
Media Release
21 May 2010
Sportscover expects "significant boost" in
Chinese business from Lloyd's China direct licence
Lloyd's being granted a direct insurance licence in China will give "a significant boost" to Sportscover's
business from China, according to Sportscover's Managing Director, Peter Nash.
Mr Nash, who was part of the Lloyd's delegation in China when the announcement of the granting of the direct
licence was made on Wednesday, said:
"We have been writing reinsurance business in China through Lloyd's China for several years and were big
supporters of Lloyd's application for a direct licence. Whilst we will continue to maintain our strong
relationships with the Chinese insurers that we currently work with, this gives us an opportunity to make
real inroads into the Chinese sports and leisure market as a direct insurer."
Australian owned Sportscover has a Lloyd's managing agent and syndicate and was one of five managing agents
represented in the Lloyd's delegation lead by Lloyd's Chairman Lord Levene.
Lloyds web site (www.lloyds.com) quotes Lord Levene as saying:
This is a very significant development for both Lloyd's and the Chinese insurance market. We are most grateful
to the CIRC (China Insurance Regulatory Commission) for their help and to the Shanghai Municipal Government.
This will be a further important building block in the development of Shanghai as a major international financial
and maritime centre."
Mr Nash commented, "This is an historic day for both Lloyd's and Sportscover and will provide a significant boost
to our Chinese business. It again emphasises the strength of the Lloyd's brand and is one of the major reasons why we
chose to operate through the Lloyd's platform."
- ends -
For further information please contact:
For further information please contact:
Matthew Riley +44 (0)207 398 4080, e-mail moc.revocstrops@gnitekram
or Steve Boucher +61 (0)2 4381 2266, e-mail moc.revocstrops@rehcuob.evets
or Martin Kelly +61 (0)3 8562 9100, e-mail moc.revocstrops@yllek.nitram
- Touchline Magazine
-
Touchline Magazine
The journal of sport and risk with an international perspective.
Click here to download Edition 6.
Back issues available here.
- Lloyd's posts record profit for 2009
-
Lloyd's have announced a record profit of £3.9 billion (AUD 6.5 billion) for 2009.
Despite the economic uncertainty, Lloyd's investments returned £1,769million (AUD 2,900 million)
- which equates to 3.9% - while Lloyd's central assets have grown to over £2billion (AUD 3.3billion).
The Market achieved a combined ratio of 86.1%, which compares very favourably with other insurance
markets. Full details of the results and the 2009 Annual Report are available at
www.lloyds.com/2009annualreport.
Sportscover Underwriting Limited (SCU) is one of only 51 managing agents authorised to operate in the
Lloyd's market. SCU manages Sportscover's own Syndicate 3334 which is one of the 80 syndicates operating in
Lloyd's. Sportscover benefits from Lloyd's A+ ratings and all of our policies are backed by Lloyd's
impressive chain of security.
That is why, in these uncertain financial times more than any other, it makes sense to give your clients the
security of a Lloyd's policy. Contact Sportscover for more details.
- ends -
For further information please contact:
Steve Boucher +61 (0)2 4381 2266, e-mail moc.revocstrops@rehcuob.evets
or Martin Kelly +61 (0)3 8562 9100, e-mail moc.revocstrops@yllek.nitram
or Matthew Riley +44 (0)207 398 4080, e-mail moc.revocstrops@yelir.wehttam
- Touchline Magazine
-
Touchline Magazine
The journal of sport and risk with an international perspective.
Click here to download Edition 5.
Back issues available here.
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