Sportscover has declined to comment on UK media speculation it may be close to selling its Lloyd’s syndicate.

Reports in the UK suggest Everest Re and Hamilton Insurance Group, both based in Bermuda, are the final two parties involved in a sale process.

Sportscover director Steve Boucher told insuranceNEWS.com.au he cannot comment due to non-disclosure obligations.

A spokesman for Hamilton says the group does not comment on market speculation.

Last month Melbourne-based Sportscover revealed it was talking to a number of potential partners that could provide growth capital, but it denied it would auction off the syndicate.

Syndicate 3334 writes mostly sports and leisure business, mainly on behalf of Sportscover Australia and its European offshoot.