Clifford Chance
Coronavirus UK Live Events Reinsurance Scheme
11 August 2021
HM Treasury has announced that the Government has partnered with the Lloyd's insurance market to offer at least £750 million worth of support to the events sector – under the new Live Events Reinsurance Scheme, companies will be able to purchase protection against certain COVID-19 event cancellation risks.
In this briefing, we outline the Scheme by comparison to similar initiatives from the UK and elsewhere, and highlight potential issues which may arise.
