Contingency/entertainment

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.

The decision was motivated by some overlap in business transacted between the US and London operations.

The BP Marsh-backed intermediary was valued at just £440,000 in January this year.

Personnel movement in the contingency market has been elevated following Covid-19 upheaval.

Organisers perceive a clear runway ahead for planning events, after over two years of restrictions on gatherings.

The scheme is supported by several prominent carriers in the Lloyd’s market and is set to close at the end of September 2022.

There have been numerous exits and entries in the class following major Covid-19 losses.

Alli MacLean will take on the expanded role following the exit of contingency chief Yael Mimran.

Matt Helm worked at CFC until the end of last year when the MGA opted to place the book into run-off following a review.

Convex was one of the carriers to enter the contingency market following the major Covid-19 loss event.

Fidelis joined the contingency market in 2020 amid massive dislocation caused by Covid-19.

The unit will be headed by Jo Holliday and house lines of business including contingency and political violence.