Live Events Reinsurance Scheme officially opens

The Government's insurance scheme for events has officially opened with an extra £50m to cover potential Covid-related cancellations.

£800m will be available to event organisers which have purchased standard cover at least 12 weeks out from the date.

The scheme's start was delayed by a day as the Government finalised arrangements with insurers.

Munich Re, Beazley, Arch, Dale, and Ark are carriers of the scheme, with more firms coming on board in the weeks to come.