Whereas the occasion sector has rebounded post-Covid, it nonetheless faces a bunch of challenges. Challenges that supply brokers alternatives to assist organisers each handle and mitigate dangers to melt the blow in the event that they must cancel or postpone a deliberate occasion on account of elements out of their management. Martin Friel studies
When the Covid pandemic hit, a lot of the market assumed a defensive posture as insurers and reinsurers scrambled to stem a tide of potential losses that had a touch of Armageddon to them.
Essentially the most contentious of those had been within the enterprise interruption market the place insurers had been dragged via the courts and compelled to honour most of the contested insurance policies.
Lloyd’s complete losses had been about £6bn and £4bn of that was contingency. We are going to by no means get well from that.David Boyle, MD of contingency at
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