Fresh off their milestone success in the international binder space last month, the Bishopsgate team are ready to start flexing another muscle, this time their extensive expertise in the sporting sector.
It’s one of many new sectors the London Market business has in its sights thanks to the backgrounds and knowledge of the growing team.
The charge is being led by Paul Longhurst, Broking and Distribution Director who specialises in liability and has previously placed insurance programmes for the FA Premier League, Premiership Rugby, Ascot Racecourse, British Horseracing Authority and The Football Association.
Paul was joined earlier this year by Accident and Health, Contingency and Kidnap and Ransom Director, Dan Dunlop, who has spent significant time working on the programmes for Manchester United, Pro Rugby Wales, McLaren Formula 1.
In addition, Dan has lead on arranging individual career ending cover for professional players across a range of sports.
Paul recently secured a facility for horse racing training yards which was previously placed via a competitor in Lloyd’s, but after the syndicate they used went into run off, a third party approached the team to place the account in the correct market.
Between Paul, Tim Simpson-Lee, Commercial Director and Gary Sharpe, Senior Account Executive they successfully found a new capacity provider in China Re via Lloyd’s and negotiated a deal which was won by the team from another broker.
Earlier this month they were joined by newcomer Jonathan Ticehurst, Sports Director who has over 25 years of experience in the sector having previously run insurance programmes for British Professional Football, World Cricket (including the major ICC and Indian Premier League tournaments), Basketball England, English Lacrosse, British Olympics and Rugby Union at the time it went professional in mid 1990s.
Jonathan’s arrival means Bishopsgate has secured two of his previous major sporting accounts
Jonathan said the growth of expertise in the sports sector has given Bishopsgate the confidence and capability to not only retain major sporting accounts, but also the ability to place complicated sports risks across all insurance classes.
“In the past, third parties may have shopped elsewhere to place their more unusual risks, but now we have a solid expertise which can help us find capacity in the Lloyd’s and London Market for all event related risks – be they personal accident, liability, cancellation, satellite failure, TV production or contract protection,” he said.
Neil Pearce, Bishopsgate Managing Director, said this further enhances Bishopsgate’s offering both to the Group and market, with the recent wins highlighting Bishopsgate’s true potential.
“The team and myself are excited by Jonathan’s arrival to our ever growing team and I’m sure he will play a key role in developing our success in the sporting sector,” he said.
Paul Longhurst added “Over the coming months, the team will continue to look for potential prospects so we can continue collaborating and be on hand to offer our vast knowledge in the sporting sector.”