Spectator-free Olympics to cost reinsurers up to $400mn: Fitch
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Spectator-free Olympics to cost reinsurers up to $400mn: Fitch

Samuel Casey
12 July 2021
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The decision by Japanese authorities to host the Olympic Games without spectators is likely to cost the reinsurance sector between $300mn and $400mn, according to estimates released by Fitch.

The ratings agency said the crowd rules, implemented because of the Covid-19 pandemic, would result in payouts from ticket and hospitality refunds.

However,

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News Contingency/entertainment Claims and losses
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Samuel Casey
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