The Round the Island Race will continue to be sponsored by J.P. Morgan Asset Management for another 2 years, up to and including 2016.
The announcement about the famous one-day event organised by the Island Sailing Club was made at the London Boat Show yesterday.
Jasper Berens, from J.P. Morgan Assest Management said, "We've been involved in sailing for the last decade as title sponsor of the race. The announcement further confirms our commitment to the sport."
More top news
Monday night's weather for the west of the region
Monday night's weather for the east of the region
Michael Danaher, 50, has been sentenced to life in jail for murdering an antique book dealer - to steal a rare Wind in the Willows copy.