Contingency/entertainment
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The brokers will work in the contingency team headed up by Ian Tomlin.
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A cancelled Bruno Mars concert in Tel Aviv is among the losses to hit the segment.
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The team will be headed by Tysers’ MD Paul Chapman, joined by Claffey, Freeman and Thornhill.
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If you only read a handful of articles this week, make it the selection below.
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Cancellations of music events due to performers’ mental health conditions is one of the issues, alongside strikes and the energy crisis, which are challenging contingency underwriters.
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The decision was motivated by some overlap in business transacted between the US and London operations.
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The BP Marsh-backed intermediary was valued at just £440,000 in January this year.
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Personnel movement in the contingency market has been elevated following Covid-19 upheaval.
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Organisers perceive a clear runway ahead for planning events, after over two years of restrictions on gatherings.
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The scheme is supported by several prominent carriers in the Lloyd’s market and is set to close at the end of September 2022.
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There have been numerous exits and entries in the class following major Covid-19 losses.
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Alli MacLean will take on the expanded role following the exit of contingency chief Yael Mimran.
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