Contingency
The contingency account at Catlin is mainly made up of delegated authorities to long term partners, a growing volume of facultative risks written from Antwerp and Cologne, plus the occasional capacity placement written in the open market in London on global event cancellation and non-appearance policies.
The account is split approximately as follows: Film package policies (47%); event cancellation (45%); miscellaneous contingency classes such as prize indemnity, pecuniary loss and food borne illness (8%). The book is predominantly sourced via delegated authorities (85%). The 45% written via Catlin Germany and Belgium into Catlin UK Ltd is predominantly sourced via a coverholder. The balance, which is written into the syndicate, comes mainly from specialist coverholders in the UK and the US.