Golf’s Sunshine Tour has announced that CIB, one of CN&CO’s partners in the insurance industry, is the new official insurance partner for the Tour.
The partnership will see CIB provide specialist commercial insurance cover for all Sunshine Tour business assets, as well as the TaylorMade golf clubs of the historically disadvantaged professionals who are part of the Papwa Sewgolum Class.
CIB will also cover the hole-in-one insurance on the Sunshine Tour at all 2022/23 DP World Tour co-sanctioned tournaments, and has further extended its commitment to professional golf as an event sponsor of the Investec South African Open Championship.
“We are delighted to partner with the Sunshine Tour in providing high quality insurance cover for the organisation and giving them the peace of mind that our products offer,” said Jon-Jon Smit, Executive Head of Sales and Marketing.
“Professional sport is an environment reliant upon its competitors being able to perform freely at the highest level and to their fullest potential. As a business we are passionate about creating personalised, bespoke solutions that allow our clients to pursue their passion and realise their goals. We specialise in the commercial/business insurance market and have a wide network of trusted brokers that we know have our clients’ best interests at heart.”
Thomas Abt, Commissioner of the Sunshine Tour, said, “It is a great pleasure to welcome CIB into the Sunshine Tour family. A high-quality insurance partner who understands our business and is well-placed to manage this is vital in terms of allowing us to focus on our golfers and their journey to greatness. I also want to thank CIB for extending their cover to the historically disadvantaged professionals in our Papwa Sewgolum Class, who are often the most vulnerable and at-risk individuals. We look forward to a long and fruitful relationship with CIB.”
Founded in 1994, CIB is one of the largest underwriting managers in South Africa. From smaller independent operations to the largest corporate brokers – we provide world-class administrative systems and products with the technical support necessary to distribute quality insurance solutions countrywide. CIB specialises in the commercial insurance market as well as personal lines for the high net worth individual. The CIB product range also includes a wide range of niche products targeted at the engineering, marine, culinary, fleet, buildings and franchise sector. CIB is underwritten by Guardrisk Insurance Company Limited, a Level 1 BBBEE partner.