The challenged contingency market would bear the brunt of insured losses if the 2020 Tokyo Olympics were cancelled, with Swiss Re and Munich Re at risk on a $800mn placement and overall claims likely to reach well into the billions.
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The challenged contingency market would bear the brunt of insured losses if the 2020 Tokyo Olympics were cancelled, with Swiss Re and Munich Re at risk on a $800mn placement and overall claims likely to reach well into the billions.