Launched to celebrate the tenth anniversary of Insurance Times, The Insurance Times Regatta 2002, sponsored by Euclidian's GRID Network, will take place in Gunwharf Quays, Portsmouth, from 18 to 20 September.

With exciting sailing and a packed social schedule, the regatta will be the first and largest event of its kind.

The single-class, 40-yacht regatta is run over two days on a brand new matched fleet of Sunfast 37 yachts.

Companies competing for the Euclidian Challenge Trophy include AXA, Zurich, Marsh, Aon and Heath Lambert.

Bon voyage and good luck to all the hardy sailors taking part in this unique event. And may the best crew win.