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Article: Third-party cover for Olympics set; London reinsuring $236 million policy.(International)(Agrotiki Insurance S.A.)(Brief Article)
- Article from:
- Business Insurance
- Article date:
- May 17, 2004
- Author:
CopyrightCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SARAH VEYSEY
ATHENS, Greece-The organizing committee of the 2004 Olympic Games in Athens, Greece, has purchased a 200 million euro ($236 million) insurance program to cover third-party liability risks.
The coverage is written by Athens-based insurer Agrotiki Insurance S.A. and is reinsured in the Lloyd's of London and London company markets, said Anthony Swinglehurst, managing director of London-based broker Swinglehurst Ltd.
Swinglehurst worked with a domestic Greek broker and with consultants Mar Risk Services Ltd. in London to place the risk.
The policy runs from mid-March until the ...