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Clifford Chance

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.

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