London-based broker becomes insurance broker partner of motorsport body

London-based Miller Insurance has been appointed as Motorsport Australia’s new insurance broker partner.

Motorsport Australia is the nationally recognised governing and sanctioning body for motorsport in the country and is affiliated with the Federation Internationale de l’Automobile (FIA).

Through the deal, Miller will represent the organisation’s interests in the global insurance markets.

Meanwhile, Australian firm MGA Insurance Group, which has also been made a partner, will represent the local customer-facing arm.

Motorsport Australia hopes the move will help it create a “world-class insurance broker representation model”.

’Member-first strategy’

Motorsport Australia chief executive Sunil Vohra said that the hybrid structure provides “best practice Australian coverage with a focus on claims service, combined with access to a world authority in motorsport placement facing into the London markets”.

Vohra added: “This new partnership is part of building a contemporary insurance model that better aligns with a member-first strategy.

“This new structure is consistent with Motorsport Australia’s increased focus on the sport’s insurance and risk management programme, leveraging global best practice and applying those learnings to all aspects of motorsport in Australia.”

Miller’s head of sport and entertainment and head of Europe, Tim Nagle, said: “As motorsport insurance specialists, Miller recognises the complex risks faced by governing bodies and clubs at all levels of the sport.

“This specialism, combined with our experience across the wider sports and entertainment risk landscape, enables us to shape best-practice insurance solutions that meet the unique demands of this sector.

“Our collaboration with MGA Insurance Group exemplifies our capabilities in Asia-Pacific, where we are leveraging deep market expertise and trusted carrier relationships to deliver tailored insurance solutions that support effective governance in sport across the region.”