Coverys Managing Agency Limited, the Lloyd’s managing agent of Syndicates 1975, 1991, 3330, and 1110, has announced the appointment of David Reed as its Non-Executive Chairman.
Reed has many years of experience in the Lloyd’s and London market and has held various senior positions over his 40+ year career, most recently as Chief Executive Officer (CEO) and Non-Executive Chairman of The Channel Managing Agency.
He also served as CEO of SCOR Underwriting from January 2013 to April 2015, Managing Director of Omega Underwriting Agents from January 2011 to December 2012, and Chief Operating Officer of R K Harrison Group from October 2008 to December 2010.
“David has exceptional experience leading underwriting and broking businesses across Lloyd’s,” said Robin McCoy, CEO of Coverys Managing Agency.
“2018 was a formative year for Coverys in the UK,” he continued. “Syndicate 1975 is establishing itself as a leading player for medical professional liability business, and we have invested extensively in our third-party managing agency business to ensure that as market conditions improve, we are well-placed to become the managing agency of choice for specialist underwriters looking to enter the Lloyd’s market.”
“We have clear ambitions, and David will be key to helping us realise them. His insight, market contacts, and strategic counsel will be invaluable to our senior team, and I am looking forward to working with him as we embark on the next phase of our growth strategy.”
Reed also commented: “I am delighted to be joining the board of Coverys Managing Agency. It is an exciting time in the growth of the business. There is a clear momentum and I am looking forward to being part of the team.”
