World Cup Insurance

[pioneer]

The 2010 World Cup in South Africa has been insured for more than £6.2bn, according to Lloyd's of London, the world's biggest insurance market.

Football world governing body Fifa, national teams, broadcasters and other firms with a stake in the tournament's success have all taken out policies.

Stadiums and training venues for the World Cup matches are covered to the tune of £3.2bn, underwriters say.

But other business opportunities linked to the event account for another £3bn.

"Competitions, offers, prizes, sponsorship, broadcast rights - it's impossible to know how many there are, but all companies with these financial implications need coverage," said Chris Nash, active underwriter at Sportscover. - BBC