[ad_1]
Lloyds expands UAC partnership with expo naming rights
16 December 2022
Lloyds will secure naming rights sponsorship for next year’s Underwriting Agencies Council (UAC) Sydney Expo in an extension of a long-standing partnership between the firms.
UAC GM William Legg says Lloyd’s recognized in 2010 that its growth would come through coverholders and the two groups shared a formal relationship.
“The massive growth of Australian underwriting firms in that time, both in number and premium income, confirms the value of the partnership for Lloyds and UAC,” he said. “Awarding Lloyds the naming rights to an expo takes our relationship to a new level with benefits for both parties.”
UAC-Lloyd’s Sydney Underwriting Expo will be held on February 16 at the ICC, Darling Harbour, a new venue for the event.
The majority of UAC members are Lloyd’s coverholders and Lloyd’s Australian country manager and general representative Chris MacKinnon has been a co-director on the UAC board since 2015.
“UAC has done a fantastic job of promoting and giving voice to underwriters in Australia, which has contributed to their tremendous success,” Mr Mackinnon said.
“Underwriting agencies are a key pillar of the Lloyd’s market, accounting for around 40% of Lloyd’s global business and half of our Australian business.”
Next year UAC will have its biggest expo yet with 10 events planned across the country. Their Sydney event is the first time UAC has granted naming rights to an expo.
[ad_2]