Ark launches $60mn contingency consortium

Ark's Syndicate 3902 contingency team has launched a consortium
to write large event cancellation risks with capacity of up to
$60mn for any one risk.
The consortium's target business is major global sports,
cultural and business events with sums insured over $25mn. It is
hoped the launch will attract new risks to Lloyd's from all
over the world.
Ark will act as leader on the consortium, with ANV, Argo,
Barbican and Hamilton also providing support.
The venture has been given...