Insurance – admittedly, it’s not an overly exciting talking point, but for the thoroughbred breeding industry it is absolutely essential.
Driven by the vision of Peter Lewis and Lesley Grech, Newmarket Insurance Brokers was established in 1993 and offers tailored insurance solutions for the thoroughbred industry.
While the organisation has played a significant role in Victoria since its inception, the launch of the Newmarket Gold Liability product in 2008 was not only a coup for breeders, but also solidified their stance as a leading breeding industry insurance provider.
Brad Tindall, Account Director at Newmarket Grandwest, explains that the Newmarket Gold Liability product fills a niche in the insurance market, particularly by meeting the needs of stud farms and agistment properties.
“Newmarket Gold Liability provides specialist cover for the infrastructure and operations of stud farms, breeding farms, broodmare farms, breaking and pre-training facilities and all the activities which support them,” Tindall explained.
“This unique insurance offering provides Public and Product Liability cover with high care, custody and control limits which are unmatched in the marketplace.”
“The product is industry recommended and utilised by many of the pre-eminent studs in the Victorian Thoroughbred industry,” he said.
Swettenham Stud principal, Adam Sangster, notes that the service provided by Newmarket Grandwest is crucial in order for his business to function optimally.
“Newmarket Grandwest are an integral part of the success of the Swettenham Stud business through their insurance brokerage offering. We choose to work closely with them dur to their competitive rates, ability to understand our needs and strong relationships in the industry,” Sangster said.
“With the continued expansion and success of the stud, it is imperative that we have partners like Newmarket Grandwest to rely on, as we have for the past 33 years.”
A genuine and trusted partner throughout the Victorian breeding industry, some of their other established clients include Euroa’s Blue Gum Farm and Tylden’s Woodside Park Stud.
Newmarket Insurance Brokers underwent a merger with Grandwest in 2014, and now under the united banner of Newmarket Grandwest, the organisation continues to offer the same critical services to stud farms and agistment operations.
The organisation remains strongly committed to the success of the Victorian breeding industry, a position that is made clear by their long-standing sponsorship of Thoroughbred Breeders Victoria.
This sponsorship reflects Newmarket founder, Peter Lewis’, desire to make a valuable contribution to ensure the Victorian breeding industry continues to thrive.
“Peter had a large footprint with a lot of Victorian breeders, and our association with TBV is a nice way to give back and support the industry,” Tindall said.
However, their dedication extends beyond this, having recently signed on to sponsor the Victorian Owners and Breeders Race Day for a second consecutive year.
This Saturday’s Victorian Owners and Breeders Day rewards and celebrates those that choose to buy, breed, own and race Victorian thoroughbreds, with a massive $2 million in prize money and VOBIS bonuses on offer.
The race day includes seven VOBIS Gold Premier Races which are exclusively for Victorian bred horses.
Run over 1200m for VOBIS qualified three-year-olds, the $280,000 Newmarket Grandwest VOBIS Gold Sprint is part of the race card.
Being a purely Victorian event that celebrates our esteemed breeders, sponsoring the Victorian Owners and Breeders Race Day seems a very sound investment for Newmarket Grandwest.
Find out more about Newmarket Grandwest’s services by visiting their website: www.newmarketib.com.au