Specialist Risk Group to launch new global motorsport underwriting offering

LONDON, UK – 28 May 2024 - MX, Specialist Risk Group’s Managing General Agent, is excited to announce it will soon be launching a new specialist motorsport underwriting offering, MX Motorsport.

MX Motorsport will underwrite all classes of motorsport business on a global basis supported by A rated capacity. The team at MX Motorsport will distribute its products through a panel of specialist motorsport brokers, across the globe.

Tim Skilton has been hired to lead MX Motorsport and brings with him a wealth of knowledge and experience of global motorsport products. He joins from Allianz Commercial, where he was Product Leader for International Motorsport responsible for Motorsport product, wording and underwriting for this sector on an international basis. In this role his key focus was on providing bespoke insurance and risk management solutions to partners with experience and passion for the motorsport sector.

Warren Downey, Group CEO, said:

“We are poised to launch MX Motorsport and Tim’s appointment demonstrates our intent to be the leading motorsport underwriting company, serving brokers who operate in this specialist sector. We are now building a dynamic and talented team which will be the go-to underwriting capability for the global motorsport market”.

More detailed information on this exciting new venture will be released in the run up to the official launch.

MX will underwrite over £100m of premium in 2024 across multiple specialist sectors in partnership with brokers across the world. It prides itself in creating niche businesses, who work with market leading brokers to deliver long term high quality insurance products and services to their customers.