Hiscox

UK Government outlines details of its live events reinsurance scheme

The UK Government has published an outline of the scheme rules for its Live Events Reinsurance Scheme, which was announced on 4 August. The £750m scheme offers cost indemnification if an event has to be cancelled, postponed, relocated or abandoned due to new UK Civil Authority restrictions in response to Covid-19. It will run to 30 September 2022 with a review point in Spring next year. Cover will...