CONTINGENCY
SUBCLASSES
- Event Cancellation
- Non Appearance
- Non PD BI/Parametric Policies
TARGET CLIENTS
- Event Organisers, Event management Companies,
Local Organising Committees., Sports Federations,
TV Broadcasters, Sponsors, Ticketing Agencies - Artist Management Companies, Promoters, Ticketing Agencies
- Cross sector
APPETITE
- Event Cancellation : risk by risk basis , ex consumer
business and sub licensing - Non App : risk by risk basis
- Non PD BI: risk by risk basis
COVER
- Indemnity against the necessary Cancellation,
Postponement, Abandonment, Relocation,
Interruption or Curtailment arising due to a peril not
excluded, operating within the policy period, beyond
the control of the Assured and Participants. Adverse
weather/terrorism/srcc excluded as standard but often
bought back. - As event cancellation plus Death, Accident, Illness or
Travel Delay of an Insured Person. Family extension
buy back and pre-existing exclusion. Can be
indemnity or to pay depending on interest. - Non PD BI – named peril policy / parametric trigger
resulting in loss of income. - Insurance and Facultative Reinsurance Basis
CAPABILITIES
- Contingency Capability: USD 100m