About

Empowering Our Portfolio Companies To Thrive

Coverys European Holdings Limited (CEH) invests in specialty managing general agencies (MGAs) across continental Europe, Ireland and the United Kingdom. Our team provides growth expertise and support for MGAs in a competitive, ever-changing marketplace. We are committed to financial stability, integrity, and sustaining the Coverys reputation for excellence.

Our portfolio companies thrive and exceed client service expectations, advancing on the strength of our unique business aspects:

Coverys began its international expansion in 2017 by forming Coverys Syndicate 1975 and Coverys Managing Agency to serve the Lloyd’s of London market. CEH continues this strategy and drives the company’s international expansion in specialty insurance. Our portfolio is distributed across geographies and business lines and is comprised of firms which are separate legal entities.

Management Team

Innovation is built on partnerships. So see who we are, where we come from, and the experience you get when you collaborate with us.

Steven Spano

Steven has worked in international insurance and reinsurance markets for 37 years, previously serving as UK Country Manager for Generali Group, CFO for Generali’s UK corporate and specialty businesses, CFO for Travelers’ Lloyd’s managing agency and financial executive roles with Travelers global reinsurance business. Prior to CEH, he was founder and CEO of Old Shore Advisory, a specialist consultancy focused on insurance and risk markets, and interim CFO for Climate‑KIC, a European knowledge and innovation community working to accelerate the transition to a zero‑carbon economy. He also advised consultancy Axilo to help organisations design, build, and manage portfolios of strategic options focused on renewal and innovation.

Doug Robare

Doug has over 22 years’ experience in International Insurance Underwriting, previously serving as Global Head of Financial Lines Underwriting at Generali Global Corporate & Commercial. Starting his career at AIG, he has held executive positions at both Zurich and Aviva. He has worked and lived in the USA, Ireland, Italy, and UK developing underwriting strategies for both domestic and global markets. His expertise is in formulating highly governed growth strategies. He translates these strategies into pragmatic action plans building networks and underwriting acumen while meticulously monitoring performance for continuous improvement.

Rajeeva Aluwihare

Rajeeva brings more than 20 years of experience building and managing international specialty insurance operating platforms and executing strategic initiatives. He is responsible for implementing and executing our group operating model across our MGA companies. Previously Rajeeva served as the UK Chief Operating Officer of the Generali Group.

Dennis Purkiss

Dennis has 50 years of experience in the insurance industry. He was initially employed as a reinsurance underwriter with Eagle Star and then as a Lloyd’s underwriter with the Merrett Managing Agency before becoming CEO of the agency and subsequently of the Merrett Group. He joined the Zurich Group, becoming CEO of their reinsurance and specialty company in London before being recruited as CEO of Rhine Re, a KKR‑owned company based in Switzerland. After a number of acquisitions and the re‑domestication of the company to Bermuda, the company was floated on the UK stock exchange. Dennis acts as commercial advisor to CEH.

Approach

Group Management – We release owner/operators from significant and ever‑growing operational burdens, returning them to concentrate on value creation.

Insurance Capacity – Utilizing the network effect, we actively aid in the negotiation and securing of long‑lasting capacity relationships, fueling growth and improving performance.

Back Office & Compliance – We leverage functions, control costs, and create greater economies of scale.

Technology & MI – We improve, enable and empower owner/operators through intelligent use of data and smart technologies. Our proprietary ecosystem provides for consistent standards and transparency.

Product Development & Roll Out – We develop products and services for rolling out to our network in conjunction with leading insurers.

Community Commitment

Other companies invest in deals. We invest in people. People are at the center of everything we do. The staff of CEH and our subsidiaries are committed to work and live in an environment that is consistent with the highest principles of shared governance, social and environmental responsibility, engagement, and integrity. We are active members of our communities and believe in contributing to our greater world. CEH values a broad, inclusive environment where our staff embraces core values of mutual respect, excellence, open inquiry, free expression, and respect for diversity.

Contact Us

Questions about what we do? Want to collaborate? Say hello. We want to hear your ideas.