Many organisers choose to buy that cover through an add-on political violence and terrorism policy. Insurers cannot change policy wordings of existing policies, so any event organisers who bought political violence cover and cancelled after the conflict started on Oct 7 should be covered. Insurers are also considering restricting cover for event cancellations outside the region, the sources added. Ryan at Marsh said some political violence insurers were proposing wordings which would allow them to break or review policies due to "conditions relating to armed involvement in the 2023 Israel war". Specialist political violence policies are typically offered by firms operating in the Lloyd's of London (SOLYD.UL) insurance market, as well as by U.S. insurers.

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Persons: Evelyn Hockstein, Edel Ryan, Marsh, Ryan, Sinead Cruise, Alexander Smith Organizations: Hamas, REUTERS, European Aquatics, MTV, Thomson Locations: Gaza, Israel, Palestinian, Lebanon, Egypt, Jordan, Paris, Washington, Gaza City, London