Insurance Journal » Olympic Games http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 17 May 2013 23:49:56 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Olympics: IOC President Closes ‘Happy and Glorious’ Games http://www.insurancejournal.com/news/international/2012/08/13/259052.htm Mon, 13 Aug 2012 09:54:50 +0000 http://www.insurancejournal.com/?p=259052 The London Olympics were described as “happy and glorious” by International Olympic Committee President Jacques Rogge on Sunday as he officially closed the 30th Summer Games. “These were happy and glorious Games,” Rogge told cheering competitors and spectators packed into …

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]]> Cancelling London Olympics Would Cost over $4.9 Billion: Munich Re http://www.insurancejournal.com/news/international/2012/07/16/255728.htm Mon, 16 Jul 2012 10:00:09 +0000 http://www.insurancejournal.com/?p=255728 Cancelling the London Olympics due, for example, to a security threat would result in damages of more than €4 billion ($4.9 billion), Andrew Duxbury, underwriting manager at Munich Re, told a German newspaper. “This was the sum of the insurable …

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]]> UK’s MI5 Chief Talks about Threats before Olympic Games http://www.insurancejournal.com/news/international/2012/06/27/253054.htm Wed, 27 Jun 2012 10:10:31 +0000 http://www.insurancejournal.com/?p=253054 Britain has seen a credible terrorist attack plot about once a year since the Sept.11 attacks – a worrying pattern as security officials brace for an array of threats ahead of next month’s summer Olympics, the head of the country’s …

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]]> Olympic Travel Leads to Surge in Travel Insurance Sales http://www.insurancejournal.com/news/international/2012/06/04/249984.htm Mon, 04 Jun 2012 16:48:28 +0000 http://www.insurancejournal.com/?p=249984 The 2012 Summer Olympics have provided a welcome boost for airlines, hotels and other travel suppliers that will benefit from an expected jump of more than 30 percent in the number of global travelers going to London compared to the …

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]]> UK Terrorism Reinsurer Pool Re Has over $7 Billion for Olympic Games Coverage http://www.insurancejournal.com/news/international/2012/04/30/245191.htm Mon, 30 Apr 2012 09:41:25 +0000 http://www.insurancejournal.com/?p=245191 Pool Re, the state-backed British reinsurer that covers terror attack-related commercial property losses, has £4.5 billion ($7.327 billion) of assets to cover the Olympic Games and is not jacking up premiums for the event. Bombings or other incidents costing more …

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]]> Insuring the Olympic Games: Major Risks, Much Secrecy, Heavy Coverage http://www.insurancejournal.com/news/international/2012/04/18/244043.htm Wed, 18 Apr 2012 17:42:15 +0000 Charles E. Boyle http://www.insurancejournal.com/?p=244043 One hundred days to go before the 2012 Olympic Games open in London. As that day moves closer, preparations, which have been going on for some time, speed up. Today’s ceremony in a rainy Kew Gardens, presided over by Committee …

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