Lloyd’s and Allianz named as cancelled tour insurers

Michael Jackson's death is expected to inflict a loss of about $24 million on insurers operating in the London market, Reuters reports.

  • Cancellation insurance was in place for just three shows
  • Lloyd's syndicate Talbot Underwriting said it had maximum net exposure of less than $3m
  • Bloomberg reported Allianz SE issued policies for the promoter and ticket sellers

“Most pre-existing conditions wouldn’t be covered in a standard insurance contract,” Duncan Fraser, a London-based partner at insurance broker Jardine Lloyd Thompson Group Plc. “Similarly, if someone dies from anything self-inflicted, like drugs or alcohol, that won’t be covered.” Reported Bloomberg.

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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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