Over £70,000 raised for Capsicum Re Foundation in virtual fitness challenge

Over £70,000 raised for Capsicum Re Foundation in virtual fitness challenge

Over £70,000 raised for Capsicum Re Foundation in virtual fitness challenge 1040 531 Rupert Swallow

Capsicum Re team members have raised more than £70,000 for a variety of charitable causes as part of a month-long challenge, forming part of the business’s wider community support programme

Team members from Capsicum Re – the specialist reinsurance broker, which will trade as Gallagher Re from 01 October 2020 – have raised more than £70,000 for the broker’s charitable arm, the Capsicum Re Foundation, by taking part in a four week-long virtual fitness challenge, with employees collectively running, walking, cycling or rowing the equivalent distance between the Arctic and the Antarctic.

Now in its second year, the Capsicum Re Foundation Speed Project set the team a collective challenge of covering the 18,750 km in just one month, to raise money for a variety of charitable causes all nominated by Capsicum Re employees.

As well as exceeding their target distance by 25% – covering 23,343km in just four weeks – the team has raised a grand total of £73,234 for chosen charities including The Runnymede Trust, Action on Addiction, Sarcoma UK, Kids First, Mitchell’s Miracles, Charlie Watkins Foundation, Acute Neonatal Transfer Service, Alexander Devine Children’s Hospice, and Little Haven Children’s Hospice.

An impressive 79% of all Capsicum Re colleagues actively participated in the challenge, each logging their individual efforts over the course of the month, covering an average distance of 156km.

The Capsicum Re Foundation was established in 2016 to provide the Capsicum Re team with the opportunity to give something back to causes close to their heart – both through volunteering and fundraising. The Foundation’s cornerstone is to “move the dial”, deliberately focusing on smaller charities nominated by team members where the business’ involvement
can make a profound difference.

In the four years since the Foundation’s inception, participants from Capsicum Re have taken part in a variety of charitable initiatives – including running ultra-marathons, climbing mountains, volunteering at hospices, planting a sensory garden and even building a school – raising over £700,000 for a diverse range of charities.

The inaugural Speed Project last year challenged participants to jointly run, walk, cycle or row 8,500km in just one month – the equivalent distance between Capsicum Re’s offices in London, Bermuda, New York and Miami.

Rupert Swallow, CEO of Capsicum Re and founder of the Foundation, said: “The Capsicum Re Foundation has become a cornerstone of our culture and something we are all extremely proud of, aiming to create a better world in which to live and do business. Giving back is an important part of our ethos and it’s brilliant to see the energy, passion and positivity with which team members continue to deliver on the Foundation’s objective of making a difference, both collectively and individually.

“The current climate has made it near impossible for charities to carry out their normal fundraising activities, with so many events cancelled or postponed. Now more than ever, fundraising is crucial in helping to ensure that causes close to our team members’ hearts can continue to provide vital support, both during and beyond the COVID-19 pandemic.

“I am absolutely delighted that we have managed to raise a huge amount for such worthy causes, and am incredibly proud of the inspiring commitment and teamwork shown by everyone across the business throughout this physically demanding challenge.”

For further press information, please contact:

Emily Darroch, PR Officer
+44 (0) 20 7234 4926 or +44 (0)7849 614 735