Tradewise News.

Tradewise Insurance Group receives a £20 million investment deal

Tradewise Insurance Group has today announced a £20 million investment deal with Harwood Private Equity. Tradewise Founder and CEO of the Insurer, James Humphreys, stated “We are delighted to have found the right investment partners for our organisation. With this investment we can continue to focus on our core objective of building profit from niche insurance sectors within the motor insurance markets and wherever else profitability is identified”.

Harwood Private Equity invests in UK businesses across a range of sectors with good market share and prospects for growth led by managers with strong commercial and operational judgment. Harwood Private Equity has invested in over 50 portfolio companies since 2001, and is managed by Harwood Capital LLP, which has funds under management of approximately £1.1 billion. As part of the investment, Christopher Mills, managing partner at Harwood Private Equity, will join the boards of the relevant Holding Companies.

James Humphreys further stated “We have spent many years becoming as good as we are, at what we do and consider this investment recognition of that fact. This feeling runs the length and breadth of our organisations and all are committed to building an even greater more robust and dependable name for the insurance markets and policyholders of today and tomorrow”.

This investment will be used to reduce the costly burden of expensive co-insurance and quota share arrangements, as well as providing the Insurance Company a solvency buffer in the region of 180% and gives us the capacity to explore the numerous opportunities that we continue to be shown by our loyal broker base.

The investment is subject to regulatory approval in Gibraltar and in the United Kingdom.


Tradewise goes 'Cool Runnings' for BEN

The 7th October sees the start of the 9th annual Bangers 4 Ben, in aid of BEN-Motor And Allied Trades Benevolent Fund. With a £750 budget for the banger, and styled appropriately within the theme, Tradewise is up for the challenging 1600+ miles charity drive from Dover to the Swiss Alps and back again. Being that the theme is Alpine, we've gone ahead and created the SAAB bobsled!

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Itinerary 2017

Day 1 – Saturday, 7th October 2017, Dover, England to Strasbourg, France – 436 miles
Bangers4Ben 2017 starts with an early morning meet at the ferry port of Dover. This is your chance to meet the other teams, see your competition and have a giggle at the fancy dress! Once we arrive in France we start our longest stint to Strasbourg for our well-earned overnight stop.


Day 2 – Sunday, 8th October 2017, Strasbourg, France to Davos, Switzerland – 357 miles
It’s up early for a hearty continental breakfast ready for some of the best Alpine passes Europe has to offer. First up will be the Furka Pass, immortalised by the Aston DB5 / Ford Mustang car chase in James Bond’s Goldfinger and then we head to the most beautiful and “smoothest” mountain pass; San Bernadino. Once we’ve negotiated all the switch backs both Passes have to offer we make our way to Davos for our overnight stop.


Day 3 – Monday, 9th October 2017, Davos, Switzerland to Strasbourg, France– 393 miles
Today is our longest day in the car but the drive will be worth it! First on the list is the most famous of the passes, Stelvio, and once we’ve conquered the 48 switchbacks we head back to Davos via the Umbrail Pass. The Klausen Pass is our final Alpine road before we head back to Strasbourg for our overnight stop.


Day 4 – Tuesday, 10th October 2017, Strasbourg, France to Dover, England – 436 miles
This is our last day and another long journey as we head to Calais to meet the ferry to take us back to Blighty and say our farewells.

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Congratulations to Hikaru Nakamura (USA), winner for the third year running of the Masters tournament at the 2017 Tradewise Gibraltar Chess Festival at the Caleta Hotel. Hikaru scored 8/10 (+6,=4) and then won a speed playoff 1½-½ defeating GM David Anton Guijarro (ESP) to take first prize. Ju Wenjun won the Women's prize and takes home £15,000.

Four-time womens world champion Hou Yifan, Queen of Chess, added some drama to the festival by conceding her last-round game after just five moves. The reason given for doing so was due to her disatisfaction over the "unbelievable and weird" pairings made throughout the event.

At the award ceremony, Nakamura received the winners cheque for £23,000 from Tradewise CEO James Humphreys.

The festival is sponsored by Tradewise Insurance Company Ltd. Visit the Gibraltar Chess Congress website for more information.

Photos courtesy of Sophie Triay & John Saunders.


Tradewise launches the all new TW64 chess site foucsing on the success of its Facebook and Twitter presence within the Chess community to bring you all the latest news from all the events happening gloabally as well as those sponsored by Tradewise. Get involved and head over to the site @ Tradewise64


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The 2016 Sunsure broker event took place in Gibraltar and Spain in June.

Proceedings started with an excellent opening night meal in Nuno’s restaurant at the Caleta Hotel.

A leisurely day in Gibraltar with lunch at The Landings restaurant in Queensway Quay followed the next day. A spectacular evening of dining on board the superb Sunborn Gibraltar at La Sala, a five-star luxury yacht hotel moored in the marina.

Unlike the start to last year the Weather for the beach day at the Octogono Beach Club in Sotogrande was perfect. The tapas lunch was excellent as always.

On the final night everyone gathered for dinner and karaoke in the Banqueting Hall of the Caleta Hotel.

Another fantastic Sunsure was brought to a close with a short but heartfelt speech by James Humphreys.


Congratulations to Hikaru Nakamura (USA), winner for the second year running of the Masters tournament at the 2016 Tradewise Gibraltar Chess Festival at the Caleta Hotel. Hikaru scored 8/10 (+6,=4) and then won a speed playoff 3-2 to take first prize.

At the award ceremony, Nakamura received the winners cheque for £20,000 from Tradewise CEO James Humphreys.

The festival is sponsored by Tradewise Insurance Company Ltd. Visit the Gibraltar Chess Congress website for more information.

Photos courtesy of Sophie Triay.


ChrysalisWest has released the trailer for the upcoming documentary that focuses on the players of the world renowned Tradewise Gibraltar Chess Festival.


The 2015 Sunsure broker event took place in Gibraltar and Spain in June.

Proceedings started with an excellent opening night meal in Nuno’s restaurant at the Caleta Hotel. Conditions at the San Roque Club in Spain the next day were superb for the annual golf tournament. For the first time the tournament took place on the prestigious Old Course, venue of the 2005 Spanish Open. The individual winner’s trophy was lifted by Andy Francis (Abbeygate), while Matthew Swayne took the prize for longest drive, and Peter Sheppard (Abbeygate) won nearest the pin..

The non-golfers enjoyed a leisurely day in Gibraltar with lunch at The Landings restaurant in Queensway Quay. In true Sunsure tradition, golfers and non-golfers met up in Gibraltar to take the coaches down to Ocean Village for a spectacular evening of dining on board the superb Sunborn Gibraltar, a five-star luxury yacht hotel moored in the marina.

Weather for the beach day at the Octogono Beach Club in Sotogrande wasn’t great, but it brightened up later and the tapas lunch was excellent as always. A few guests threw a ball about in the pool when the sun eventually came out, bravely ignoring the sign prohibiting swimming due to water treatment!

On the final night everyone gathered for dinner and karaoke in the Banqueting Hall of the Caleta Hotel. The karaoke was great fun, once we managed to get The Three Degrees (Alison, Amanda and Natalie) off the stage. We won’t name the good the bad and the ugly, but 'officially' Scott Georgiades (Plan) won the competition based on his screamometer score.

Another fantastic Sunsure was brought to a close with a short but heartfelt speech by James Humphreys.


Click on an image above to view the full promo video.

Thanks to the sustained efforts of Gibtelecom, supported by Tradewise and the Caleta Hotel, the 2015 Tradewise Gibraltar Chess Festival will be hosting a film crew from UK production company ChrysalisWest throughout this year's event. This exciting and pioneering development is one the organisers are fully committed to.

The crew will be staying and filming at the Caleta, and will be working on two assignments.

The first: a documentary, provisionally titled, 'All The Right Moves', is centred on Gibraltar and its chess festival. The team will be following the festival in both its serious (competitive) and social (fun!) aspects. The objective is to capture the essence of the festival, adding some "on location" touches highlighting Gibraltar's special attractions. The finished film should be ready by the summer.

The second project, provisionally titled 'The Day's Play', will be a Daily Morning Show, highlighting the latest stories, interviews, and other special moments from the festival. This show will be presented by Tania Sachdev. Each episode will last 4 to 5 minutes and will be produced to the highest professional standards.The show will be filmed each morning in a dedicated studio at the Caleta, edited, compressed, and made ready for broadcast each afternoon, at 14:00 CET.