Miller has appointed Katie Murrell as Director of Sport, Entertainment, Corporate & A&H, adding specific Contingency insurance expertise to its Sport & Entertainment team at a moment when reinsurance capacity backing that exact class shows signs of contracting.
Murrell joins from Tysers Insurance Brokers with 15 years across Financial Lines, Contingency and Corporate insurance, and will report to David Griffiths, Senior Director of Sport & Entertainment, focusing on bespoke programmes for major sporting events and complex entertainment risks from Miller's London office.
The timing matters for the reinsurance side of that business. Contingency reinsurers cover event cancellation risk across three standard triggers, non-performance, non-appearance and adverse weather, according to Munich Re's own specialty reinsurance materials, but other markets have flagged capacity pulling back from parts of the class even as climate-driven exposure rises: Beazley's own market commentary notes some reinsurers moving away from US contingency business despite 2024 recording 27 separate weather events causing more than $1 billion in damages each.
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Tim Nagle, Miller's Head of EMEA, said Murrell's "depth of experience will strengthen our ability to design and place tailored programmes" for major events and high-profile clients, part of what he described as the firm's continued investment in the sector.
Murrell said she was looking forward to helping clients "navigate both established and emerging risks with confidence" as the Sport & Entertainment team builds out bespoke programmes.
For reinsurers and specialty markets watching this class, retail brokers expanding their contingency capability, as Miller has just done, are a useful signal of where primary demand is heading: major event organisers and entertainment clients continue to need non-appearance and cancellation cover, and the capacity available to back that demand is the part of the equation currently under more pressure than the demand itself.
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