Home' Breeding and Racing : Issue 115 March-April Contents 38 FOR DAILY INDUSTRY NEWS UPDATES VISIT WWW.BREEDINGRACING.COM
the thoroughbred insurance industry
occurred when Austbrokers Holdings
Ltd (AUB) announced that HQ
Insurance had acquired the horse insurance
arm of Magic Millions to cement its position
as Australia’s largest and premier bloodstock
and livestock insurance broker, the Head
Quarters of bloodstock insurance.
Magic Millions Insurance Brokers
was acquired from the highly successful
entrepreneurial owners of Magic Millions
Sales, Gerry Harvey and Katie Page-Harvey,
who in turn have taken a shareholding in the
The insurance business will continue to trade
as Magic Millions Insurance Brokers, under the
guidance of Wayne Aldridge and his select team,
who will continue to have a presence at every
Magic Millions auction sale nationwide.
Broker administration has been
consolidated at HQ Insurance’s offices in
Collectively the HQ Insurance team
has specialised insurance experience
approaching 150 years, and Wayne Aldridge,
managing director of HQ Insurance says,
“This is a natural progression and enables
us to capitalise on the respective strengths of
each business in the HQ Group. This further
reinforces our commitment to provide
our clients with superior professional
and personal service. Our clients will be
reassured by the wealth of our experience
and participation in the bloodstock and
insurance industries, professional expertise
and back-up support, all of which translate
into the delivery of superior service.”
HQ Insurance was launched in May
2013, after the merging of Austbrokers ABS
Bloodstock, E-Quine Insurance Services
and Howard Insurance Australia.
Jeff Howells, managing director
of Austbrokers Sydney said, “This
additional acquisition further
HQ INSURANCE STRENGTH
leverages the synergies we have achieved and
strengthens our market presence. We have
been able to deliver significant benefits to
our clients including unparalleled access to
insurance markets worldwide.”
Meanwhile, Mark Searles, CEO and
managing director of Austbrokers Holdings
commented, “We are thrilled with the latest
acquisition. It further strengthens our
expertise in the bloodstock and livestock
markets and reinforces Austbrokers Holdings
appetite for relevant growth.”
Amalgamation Of Four Experts
Effectively, the acquisition of the Magic
Millions insurance arm has created a
merger of four disparate experts across
the Australasian thoroughbred insurance
landscape. Among the strong support team
behind managing director Wayne Aldridge
are Linda Mitchell (operations manager),
Fergus Deacon (account executive/claims
officer), Nita Marusich (client services
officer), Pippa Wright (account executive),
Sarah Jackson (account executive), Ben
Culham (broker assistant) and authorized
representatives Ray Willis and Tony Stein.
Under their newly combined umbrella, HQ
Insurance offers the following types of cover:
• Standard Mortality Insurance
(as outlined above);
• Prospective Foal Insurance – covering
the unborn foal from as early as 45 days
of the mare being confirmed pregnant
and indemnifying you in the event that
the prospective foal (foal in utero) does
not survive in causes such as the mare
slipping, mare dying, having a stillborn
foal or the foal failing to survive until the
policy expiry date nominated at the start
of the policy;
• Total and Permanent Infertility as an
extension to the standard Mortality
policy. It covers racing Colts possessed of
a Stallion pedigree or Stallions already at
stud, as a result of an Accident, Sickness
or Disease, whereby the horse becomes
totally and permanently infertile or
incapable of serving mares;
• Congenital Infertility Insurance on
Stallions at stud for their first breeding
season, which covers the Stallion being
rendered sub-fertile following a congenital
abnormality or inability to breed;
• Unsoundness of Wind as an extension to the
standard Mortality Policy. It covers yearlings
entered in major auction sales in the event
that they fail to pass the scoping test;
• Life Saving Surgery as an extension to the
Mortality Policy. The insurer will pay up
to $10,000 of veterinary expenses, up to
15 days of after-care costs and transport
to and from hospital/clinic in instances
where surgery is performed in an attempt
to save the life of the insured horse. A
small additional premium is levied for this
extension of cover;
• Guaranteed Renewal where the insurer
will guarantee renewal of your horse
WITHOUT exclusion and without the
requirement of any renewal veterinary/
health documentation until the horse
reaches 14 years of age.
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FOR DAILY INDUSTRY NEWS UPDATES VISIT WWW.BREEDINGRACING.COM 39
his year’s Inglis Australian Broodmare
and Weanling Sale has undergone
both a date and format change. The
major breeding stock sale will now be
conducted in Sydney on 4, 5, 6 and 7 May 2014.
"Buyers and vendors indicated in our
client survey and in the field discussions
that they wanted a break after the Australian
Easter Yearling Sale and a combined feature
Broodmare and Weanling Sale, so that is
what we are delivering to our customers,"
explained Inglis bloodstock director
24 days after the Easter Yearling Sale, the
new Australian Broodmare and Weanling
Sale will give race filly owners the chance
to sell their prized horses after the Sydney
Carnival, as well as provide breeders the
chance to sell broodmares and weanlings.
First Season Sires will be very well
represented. Sires of weanlings entered early
in proceedings include Sepoy, So You Think,
Smart Missile and Foxwedge. Broodmares in
foal to Frankel, Pierro and All Too Hard are
also committed to the new sale.
As an added inducement to vendors, their
sale proceeds will be paid by 18 June, a great
help to breeders with stallion fees due in the
current financial year.
With the broodmares and weanlings being
offered over four days in one place at one
convenient time, Inglis has added an additional
incentive whereby a new ‘Family Deal’ will
provide breeders who sell their broodmare
with free entry for the weanling from the same
mare – a saving of up to A$1,100.
"We are very excited to be able to tailor
everything about the new Australian
Broodmare and Weanling Sale to maximise
the needs of both vendors and buyers,"
The sale will see the weanlings offered first
with Select and General Sessions. This will be
followed by the broodmares in a Select and
General Session format as well as a separate
section for race fillies and mares off the track.
This year’s sale includes significant drafts
from Reavill Farm Bloodstock, Tyreel Stud
and Lustre Lodge.
“The dams of Gr1 winners, exciting three-
year-olds and weanling siblings to numerous
stakes-winners have already been entered for
the streamlined broodmare and weanling
sale,” enthused D’Arcy in early March.
“We have strong drafts coming from many
of the country’s leading studs and... it looks like
being an outstanding catalogue to offer our
local and international clients to kick off the
year’s breeding stock and weanling sale series.”
Lustre Lodge will offer outstanding
broodmare Aspen Falls, the dam of Gr1
Thousand Guineas winner Irish Lights, in
foal to All Too Hard. They will also offer
Aspen Fall’s colt by So You Think in the
select weanling session.
There are 22 lots that will make up the
dispersal sale of Reavill Farm (Receivers and
Managers appointed) including:
• Dam and weanling half-sister (by So You
Think) of Gr1 winner Dealer Principal.
• Dam and weanling half-brother (by High
Chaparral) of Mick Kent’s 3YO Oaks
prospect Scratchy Bottom.
• Dam of Pillar of Hercules.
• Weanling half-sister (by Uncle Mo) to
Stratum and Dystopia.
Other bloodstock dispersals or reductions
handled by Inglis in recent years include
those of Twin Palms Stud, Risdon
Bloodstock, Paul Fleming Bloodstock, Select
Bloodstock, Toorak Park, Brooklyn Lodge,
Lee Fleming Thoroughbreds, Michael Pitt
and Orange Grove Thoroughbreds.
“ The sale will be the first time buyers
and sellers come together for the year at a
combined feature broodmare and weanling
auction. The date and format are ideal for
reductions, dispersals and offering prized
horses immediately after The Championships
in Sydney,” D’Arcy points out.
Referring to Tyreel’s entries, D’Arcy noted:
"Inglis and the Fleming family have built a
successful relationship over a long period
and we are delighted that Dean Fleming
has entrusted us to offer his 21 quality
mares from Tyreel Stud at the Australian
Broodmare and Weanling Sale.”
Tyreel Stud has a proud history of
producing brilliant racehorses including
Bint Marscay, Rocket Man, Our Giant,
Prima Nova, Filante, Mr Vitality, King Of
Danes, Just Dancing, Hidden Dragon, Stella
Cadente, Republic Lass, Lim’s Fighter, Risky
Business and Rose O’War.
"This offering in May is a unique
opportunity to buy into some highly prized
families with enormous upside," adds
D’Arcy. "There is no doubt that buyers will
converge on Newmarket for this sale..."
Tyreel’s weanlings will be retained to
be sold at next year’s select yearling sales.
Meanwhile, the 21 broodmares represent
some of Australia’s best thoroughbred
families, relations of which Tyreel have
sold to top the Inglis Australian Easter
Yearling Sale in past years and have gone
on to Gr1 success on the racetrack.
Star entries include:
• Gr1 winner Mid Summer Music in
foal to All Too Hard.
• Dual Gr1 winner Republic Lass in
foal to Sepoy.
• Gr1 winner Bramble Rose in
foal to Snitzel.
• Gr1 winner Midnight Oil in
foal to Lonhro.
• Gr3 winner Tahni Girl in foal to Pierro.
• Listed winner Crossyourheart in
foal to Commands.
• Possessed, the dam of Listed winner
Beccera, in foal to Not A Single Doubt.
FOR INGLIS BREEDING SALE
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