Munich Re Underwriting Limited

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Terrorism

Contingency

Syndicate 457 launched a contingency account as of 1 January 2016, following the partial transfer of a well-established contingency portfolio and team from Munich Re UK General Branch. The existing account is a recognised lead within the market, and has been for more than a decade.

Coverage includes:

  • Event cancellation – Providing protection for the expenses incurred and lost revenue suffered by event organisers, sponsors, broadcasters and/or individuals, should an unanticipated disruption occur to a major sports event, conference, trade show, exhibition, concert, or indeed any event large or small.
  • Non-appearance – Providing protection for the expenses incurred and lost revenue suffered by event organisers, sponsors, broadcasters and/or individuals, should a group or any one individual essential to an event fail to appear.

  • Media – Covering the financial impact to a production company or advertising agency of cancellation or delay in planned shoots, as well as loss/damage to associated equipment and sets.

  • Prize indemnity – Covering the costs to a game promoter or sponsor in the event that an insured game is won. This sub-line also includes coverage in the event that a planned budget for a sales promotion is exceeded, due to more consumers than expected responding to the promotional offer itself.


Our underwriting team brings a wealth of knowledge and experience to a complex and wide-ranging class of business, placing particular emphasis on risk selection and service standards.

Tom Lott
Contingency Underwriter
Telephone: +44 (0)20 7886 3880
TLott@munichre.com

Information

Syndicate 457 at Lloyd's, managed by Munich Re Syndicate Limited is authorised by Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

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