Coverys appoints David Reed as chairman of managing agency

Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991, 3330, and 1110, has appointed David Reed as its non-executive chairman.

Reed 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.

Reed was previously the chief executive officer of SCOR Underwriting, and later CEO of the The Channel Managing Agency (TCMA).

“David has exceptional experience leading underwriting and broking businesses across Lloyd’s," said Robin McCoy, CEO of Coverys Managing Agency. "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."

McCoy added: "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.”

Reed 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.”

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