The international offshore investments and savings provider will provide financial backing for Kneale as he prepares for the Games, to be held in Rio, Brazil, in August 2016.
Kneale, who was born and grew up in the Isle of Man, where RL360°’s head office is based, is the current Double Trap World Record holder, and is rated number 2 in the world in the International Shooting Sport Federation (“ISSF”) rankings. He will represent Team GB at the Double Trap shooting event, having previously won Individual Silver at the 2015 World Shotgun Championships and Bronze at 2010 Commonwealth Games in Delhi.
The sponsorship agreement will allow RL360° to provide regular and exclusive news and progress updates about his training and competition progress, as well as host exclusive corporate shooting events for in London and Dubai.
Now based in Somerset, England, Kneale grew up in the north of the Island, and all his family still live on the Isle of Man. He began his international career in 1998, representing the Isle of Man when he was just 16, and first shot as part of the Great Britain team in 2002.
He is currently the only Manx athlete to be confirmed as a member of the British Olympic Team, and is on the shortlist for the 2016 Manx Sports Personality of the Year Award, to be announced this month.
In the run up to the Olympics, Kneale has a busy schedule including World Cup events in Rio, Cyprus and San Marino, and the European Championships in Italy in July.
RL360° offers a broad range of offshore investment, savings and tax planning products to investors around the world via financial advisers; Quantum is the flagship regular savings product sold by RL360 Insurance Company Limited.
With offices in the Isle of Man, Hong Kong, Dubai and Lebanon, RL360° helps clients in Asia, Africa, the Middle East, Latin America and the UK. As an international business based offshore on the Isle of Man, RL360° is able to offer clients a greater scope of tax efficiency, as an offshore bond is not subject to any ongoing tax on the Island. An offshore bond also allows clients to access their money relatively easily, compared with other investment structures that may impose restrictions.
As the Isle of Man enjoys exceptional political and economic stability and has become one of the world’s most important financial hubs over the last 25 years, with a reputation for investor protection and security.
On 1 December 2015, the RL360 Group completed its acquisition of CMI Insurance Company Limited from Lloyds Banking Group plc. This created a combined group with assets under administration in excess of $10bn.
“We are thrilled to be able to support Tim in this hugely important year,” said RL360° Chief Executive David Kneeshaw. “The RL360° Quantum sponsorship will help Tim to meet his travel, training and equipment costs in the run-up to the Olympics. In return, we are able to back an elite – and local – athlete. This is the start of an exciting partnership.”
Tim added: "I'm delighted today to announce the sponsorship with RL360° Quantum in the Isle of Man, from where my shooting journey originally started many years ago. The support from RL360° during the months leading up to the Rio 2016 Olympic Games this summer will be a huge benefit and a great support during what will be one of the busiest periods of my shooting career to date."
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