Contingency/entertainment

The new unit will be led by Giuliano Montano and Antonia Martinez and overseen by Lockton’s Central America and Caribbean CEO Julian Pratt.

Gartner accuses the broker of breaching its fiduciary duty and negligent misrepresentation for selling policies that didn’t cover its losses from pandemic-canceled events.

The loss from the cancelled Bonnaroo festival hits a market already bruised from huge Covid-19 losses last year.

The executive said that pricing for the coverage was "terribly set" after reported industry losses came in "stunningly large".

The RPS update cites Covid vaccines, a reduction in infections and "people’s desire to return to everyday life".

Christian Phillips joins the new unit from Beazley.

Robinson said the move fits into a broader strategy of finding new sources of data to improve underwriting capabilities.

NFP’s Elissa Doroff says some industry clients still seek coverage without even the most basic risk mitigation measures.

The underwriter has led the unit on an interim basis since late 2020 following the departure of Lauren Bailey.

The Genstar-backed fronting carrier has struck its first deal.

Like other lawsuits, the action claims that the presence of the virus constitutes property damage.

The market has been hit hard by a reduction in appetite for the type of business at Lloyd’s.