Contingency/entertainment
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The scheme, which covers cast losses and civil authority losses, has also been expanded to cover cast and crew over the age of 70.
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The local Organising Committee expects to receive around 50bn yen ($481mn) for the initial delay. -
Insurance-sector companies join lawmakers and sports and cultural entities in urging state support to resuscitate the live events industry.
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Amanda Lewis will lead a specialty disruption offering, including contingency, agri-contingency and legal indemnity lines.
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Underwriters Francis Hernandez and Ian Seakens have joined Cincinnati Global Underwriting to lead the new lines of business.
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The sector is trying to find ways to rebuild its client base following the devastation caused by the Covid-19 pandemic.
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She has led the business line since 2015 and will be replaced by Michael Furtschegger on an interim basis.
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The carrier has recently lost executives including contingency chief Chris Rackliffe and racked up significant losses in the class.
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The company is the latest carrier to join the market following a spell of devastating losses caused by Covid-19.
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The ILS manager is in the process of applying for a corporate member, sources said.
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Contingency losses will result in a total loss and an increased renewal cost.
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The scheme aims to restart TV and film making by providing insurance for Covid-19-related risks.
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