Specialist sports underwriting agency Sportscover has sacked CEO David Lamb, as a dispute between the two parties escalates.

Chairman Peter Nash confirmed to insuranceNEWS.com.au that Mr Lamb, appointed in February 2012, was dismissed on September 20 “for performance and misconduct issues”.

But Mr Lamb gives a different account, saying he was confronted after raising concerns about the company.

“I was told to stop sending traceable emails or be sacked,” he told insuranceNEWS.com.au.

“Shortly after, without warning, my emails were cut off and I was locked out of work while a hastily contrived ‘investigation’ was carried out and findings of misconduct made against me.

“My performance was never an issue. I had an annual review less than two months before and I was given a pay rise.”

Mr Lamb says he has filed proceedings with the Federal Court for general damages “to restore my reputation”.

He says he has passed on his concerns about the company to relevant authorities.

“I will leave the regulatory authorities, banks and Lloyd’s underwriters to do their job while I focus on getting back into the industry with an employer that shares my values as soon as I can,” he said.

Mr Nash rebutted all of Mr Lamb’s allegations, which insuranceNEWS.com.au has decided not to print in detail at this time.

He says Sportscover “operates to the highest standards” and “fully meets its obligations as an employer”.