Contingency

Highlights

  • Access to Admitted and Non-Admitted markets
  • Minimum premiums can vary by carrier, coverage, and size of event
  • Limits of indemnity are based upon the budget of the event

Paradiso Risks, a leading contingency underwriter in the music, entertainment and sports industries

The Paradiso Risks team of Alive Risk offers actuarial, underwriting and broking expertise when providing a range of contingency insurance solutions. Paradiso Risks is a recognized market leader in the music sector and specializes in underwriting festivals and live music across the globe.

From Event Cancellation insurance for festivals, fairs, conferences, and sporting events, to Non-Appearance Coverage for touring entertainers, Paradiso Risks will work with you to protect the insured’s financial stability.

Contingency coverage is triggered when an event is cancelled, postponed, curtailed, relocated or abandoned due to reasons beyond the insured’s control. The policy can offer protection against the losses of budgeted revenues and / or additional expenses incurred from the cancellation. Paradiso Risks takes an innovative approach to offer access to specialized solutions tailored to each event.

 

 

Target Classes

Touring Entertainers
Festivals
Fairs
Sporting Events
Concerts
Conventions
Tradeshows
Conferences

COVERAGES

  • Non-appearance of Key Person(s)

  • Event Cancellation

  • Adverse Weather

  • Venue Unavailability

  • National Mourning

  • Terrorism

  • Earthquake and Wildfire

  • Prize Indemnity

  • Contract Bonuses

Contact

Yael Mimran
Contingency Global Head
P: +44 (0)738 796 1409
yael.mimran@paradisorisks.com

Wayne Paternoster
Vice President
M: 813-326-2037
wayne.paternoster@paradisorisks.com

Ryan Collins
Underwriting Director, Contingency
P: 317-853-7253
M: 317-439-8815
ryan.collins1@ryansg.com

Nick Carragher
Underwriter
nick.carragher@paradisorisks.com

Submission Requirements

  • Supplemental Application

 

 

Resources

  • Event Cancellation Flyer

  • General Event Cancellation / Non-Appearance Application

  • Tradeshow / Convention / Exposition Event Cancellation Application
The descriptions of these programs are only a summary of available coverages. Actual policy language will dictate the scope of coverage in the event of a claim. We encourage agents to read the full policy form and any applicable endorsements for full terms and conditions and encourage their policyholders to do the same. Alive Risk is a part of the Ryan Specialty Underwriting Managers division of RSG Specialty, LLC, a Delaware limited liability company based in Illinois. RSG Specialty, LLC, is a subsidiary of Ryan Specialty, LLC. Alive Risk works directly with brokers, agents, and insurance carriers, and as such does not solicit insurance from the public. Some products may only be available in certain states, and some products may only be available from surplus lines insurers. In California: RSG Specialty Insurance Services, LLC (License #0G97516).
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Patrick Gavin
CEO & President

Patrick Gavin serves as CEO and President of Alive Risk, a part of Ryan Specialty Underwriting Managers. Alive Risk is a specialty insurance leader in the amusement, entertainment, special events and sports and leisure industries with expansive brokerage access and in-house underwriting authority.

He joined the team as an underwriter in 2013 with a focus on special events. Patrick has since risen through the ranks as Operations Manager, General Manager of Programs & Specialty Risk and Managing Director. Today, he is responsible for the overall direction of business development, leveraging his global relationships with leading carriers and brokers to enhance marketing, underwriting and risk management services.

In September 2020, Patrick joined Ryan Specialty through the acquisition of All Risks. He has been instrumental in cultivating new capital relationships in addition to developing numerous new programs.

Patrick holds a Bachelor of Arts degree in Economics and English from the University of Minnesota.