IGI launches contingency line to take advantage of ‘market dislocation’

Japan's new national stadium in Tokyo is set to host the postponed 2020 Games. Credit: Japan Sport Council

Specialty (re)insurer International General Insurance Holdings (IGI) is launching into contingency business and has appointed Richard Foster to lead the new operation, as well naming him head of property and political violence. The contingency line will primarily cover event cancellation, interruption or curtailment of events, non-appearance, and/or other contractual obligations. IGI said it is entering the contingency market to “take…

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