The organisers of Wimbledon, the All England Lawn Tennis & Croquet Club, revealed they had been paying pandemic insurance since the 2003 Sars outbreak. Insurance had cost £26m over 17 years, but last year, paid out a £174m payout when the tournament had to be cancelled.
AELTC’s revenue totalled £295.7m in 2019 but fell to £4.9m last year. The insurance payout meant it only suffered a loss of a few million £.
Thoughts of a Cynical Investor 