MX, which is the managing general agent of Specialist Risk Group, has announced it is working on a new motorsport underwriting proposition that will be called MX Motorsport. It will underwrite all classes of motorsport business on a global basis supported by A-rated capacity.

SRG has recruited Tim Skilton to lead MX Motorsport. He joins from Allianz Commercial, where he was product leader for international motorsport.

Warren Downey, group CEO at SRG, 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.”