WORLD CUP HAS £6.2BN INSURANCE, SAYS LLOYD`S

07.06.2010 [12:20]
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Baku, June 7 (AZERTAC). The 2010 World Cup in South Africa has been insured for more than £6.2bn ($9bn), according to Lloyd`s of London, the world`s biggest insurance market.

Football world governing body Fifa, national teams, broadcasters and other firms with a stake in the tournament`s success have all taken out policies.

Stadiums and training venues for the World Cup matches are covered to the tune of £3.2bn, underwriters say.

But other business opportunities linked to the event account for another £3bn.

“Competitions, offers, prizes, sponsorship, broadcast rights - it`s impossible to know how many there are, but all companies with these financial implications need coverage,” said Chris Nash, active underwriter at Sportscover.

WORLD CUP HAS £6.2BN INSURANCE, SAYS LLOYD`S

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