Barbican sails into first place
13 August 2014
Team Barbican wins the Nautor’s Swan Trophy at Cowes Week
Barbican Insurance Group has proved to be not only a strong performer in the marine market, but also on the waves themselves as the firm announced that Team Barbican won this year’s Nautor’s Swan Trophy at Cowes Week.
A key event in the British sporting calendar, the Aberdeen Asset Management Cowes Week took place from 2-9 August. Attracting some of the leading figures in the sailing world, the week-long event saw over 1,000 boats crewed by some 8,500 sailors take to the waves.
Team Barbican, a regular participant at the event, won a hard fought race to secure the Nautor’s Swan Trophy win and Nick Maddalena, Director of Seacurus, collected the trophy on behalf of the team (see below). In addition, and rounding off a very successful week, they finished 7th overall in the IRC Class 2 group.
Commenting on their sailing success, Nick said: “In my view, no other sport requires the same level of team spirit, motivation and commitment as sailing does. The team worked incredibly hard over the week, and fully deserved to win the Nautor’s Swan Trophy in what was a highly competitive event. To finish in 7th place overall in the IRC Class 2 standings was a fantastic way to end the week.”
The team of experienced sailors from across the group included: Nick Maddalena, Director of Seacurus; Gavin Stanley, financial and professional lines underwriter; Ondine Bourrut Lacouture, underwriting manager North American casualty reinsurance; Stewart Williams, head of information technology; Ted Zaimis, account manager marine special risks; Denis Nifontov account manager marine special risks, Angus Bailey, underwriting assistant marine special risks and Amanda Dronsfield, personal assistant.
Barbican, Cowes, sailing, Nick Maddelena
Barbican Insurance Group
+44 (0)20 7082 1910
Allen & Clapham
+44 (0)7988 478 824
Notes to Editors
Barbican Insurance Group www.barbicaninsurance.com
Formed in 2007, Barbican Insurance Group underwrites business predominantly through its Syndicates at Lloyd’s. It also has a non-Lloyd’s financial solutions business based in Guernsey which offers insurance and reinsurance programmes to the global market and number of service companies including, Barbican Underwriting Limited, Castel Underwriting Agencies Limited, Professional Indemnity Protect Limited and Seacurus Limited.
Barbican Syndicates at Lloyd’s have a stamp capacity of £250m for the 2014 year of account and underwrite marine, aviation and transport re/insurance, property re/insurance, media and contingency, energy and specialty lines including casualty reinsurance, cyber liability, healthcare liability, financial and professional lines and professional indemnity.
Seacurus Ltd, part of the Barbican Insurance Group and authorised and regulated by the FCA, is an insurance broker founded in 2004, specialising in bespoke revenue protection cover for the maritime industry. In 2013 it launched CrewSEACURE, the first ever insurance policy designed exclusively to protect the rights of seafarers when ships are abandoned at sea. Seacurus is a market leader in the design and implementation of solutions to protect companies from unforecasted balance-sheet impacts, including credit default, charter party cancellations, hijackings and voyage disruptions caused by political events. Seacurus established the first delegated underwriting binding authority for marine kidnap insurance and is an approved Lloyd’s Coverholder.