U2 Claim 17M

U2’s recently cancelled North American tour is likely to cost the London market $17mn due to contingency cover purchased by the band and its promoters, The Insurance Insider can reveal.

The rock band were forced to call off the US leg of their 360o World Tour when Bono underwent emergency surgery after injuring himself while rehearsing for the shows.

Tour promoters Live Nation and U2 have a contingency policy placed into the London market by specialist entertainment broker Robertson.