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 Lloyd's reputation for taking on highly specialised risk is well known. Nowhere is this better demonstrated than in the world of Formula One (F1).
For F1 teams, the inherent risk in transporting hundreds of people and many millions of pounds worth of equipment around the world safely and on time requires specialist solutions.
Likewise, race organisers need to think about the safety of competitors, spectators and officials, as well as insuring against problems such as event cancellation.
This complex risk landscape means that the F1 industry turns to the Lloyd's market for the cover it needs. You can read all about it in the latest issue of Market.
Other features include:
- Globalisation and the increase of supply chain cover
- 9/11 and its impact on the industry
- Why rates should go up in this summer's renewals
We hope you enjoy this issue of Market.
For news, blogs and more visit the Lloyd's News Centre.
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