Coverys Appoints David Reed as Chairman of Managing Agency
London - February 7, 2019 - Coverys Managing Agency Limited, the Lloyd’s managing agent of Syndicates 1975, 1991, 3330, and 1110, today announced the appointment of David Reed as Non-Executive Chairman of Coverys Managing Agency, subject to the normal regulatory approvals.
David brings many years of senior experience to the role. He began his career in Lloyd’s in 1977. He has subsequently held various leadership roles in the Lloyd’s market and is a Fellow of the Chartered Insurance Institute.
Robin McCoy, CEO of Coverys Managing Agency, said, “David has exceptional experience leading underwriting and broking businesses across Lloyd’s. 2018 was a formative year for Coverys in the UK. 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.”
David Reed, Chairman of Coverys Managing Agency, said, “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.”