The challenged contingency market would bear the brunt of insured losses if the 2020 Tokyo Olympics were cancelled, with Swiss Re and Munich Re at risk on a $800mn placement and overall claims likely to reach well into the billions.
The challenged contingency market would bear the brunt of insured losses if the 2020 Tokyo Olympics were cancelled, with Swiss Re and Munich Re at risk on a $800mn placement and overall claims likely to reach well into the billions.