George Michael death claim to hit contingency market

The contingency market is facing a £3mn ($3.7mn) claim from
Warner/Chappell Music following the death of pop star George
Michael on Christmas Day 2016.
The policy is understood to have been brokered by Aon and
underwritten through a facility by specialist New Jersey-based
managing general agent Exceptional Risk Advisors, with Tokio Marine
HCC as the lead.
Warner/Chappell owns the publishing rights for the singer's
body of work.
Michael's death triggered a contractual performance
indemnity