Financial Services

Investment management company Mackenzie Investments has snapped up title sponsorship rights to golf’s PGA Tour Canada circuit.

The European arm of payment services company Visa has strengthened its ties with electric motor racing series Formula E by becoming the official title sponsor of its season finale in London.

The English Football League has reached an agreement with title sponsor, betting company Sky Bet, that will allow it to search for a new main partner at the end of the 2015-16 season.

Major League Baseball’s restructuring of its commercial offering was key to securing its first insurance partner since 2012, experts said.

Car insurance brand Esurance is focused on increasing brand awareness through its exclusive auto partner deal with Major League Baseball.

London Stock Exchange-listed Standard Chartered Bank this month signed a three-year extension, from 2016-17 to 2018-19, to its main sponsor agreement with English Premier League club Liverpool.

The marketing team behind insurance company Aviva will continue to “test the waters” as title sponsor of cycling’s Tour of Britain and Women’s Tour. The brand assumed the rights from its subsidiary financial services company Friends Life, which served as title sponsor to both in 2014.

US consumer and banking business Chase has entered into a partnership with golf organisation the PGA of America.

The Bermudan arm of multinational professional services company PricewaterhouseCoopers has been named as an official sponsor of the 35th America’s Cup sailing showpiece.

India’s Ministry of Youth Affairs and Sports (MYAS) has signed a partnership with Oriental Insurance to boost the Indian team’s preparations for the Rio 2016 Olympic Games.

Banking group BNL has extended its agreement to serve as a main partner of the Italian Olympic Committee (CONI).

TSB Bank has agreed a kit sponsorship deal with New Zealand’s national provincial rugby union champion Taranaki Rugby.

Financial services company UnionPay International has signed up as the latest sponsor of the 2015 Southeast Asian Games, with Singapore’s event organisers stating the successful commercial programme will allow the Games to come in under budget.

German private banking group Südwestbank has entered into a partnership with Bundesliga football club VfB Stuttgart.

Korean financial services company KB Financial Group has reached a three-year sponsorship agreement with the Korean Bobsleigh and Skeleton Federation (KBSF).

German insurance company ERGO is looking to intensify its efforts around national sports association sponsorships, Andrea Hoelken, head of strategic marketing at ERGO, told Sports Sponsorship Insider.

The European arm of payment services provider Visa has agreed a multi-race sponsorship deal with the Formula E motor racing championship.

US financial services company Discover Financial Services has renewed a partnership with the North American NHL ice hockey league.