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World Cup cover pegged at $9bn     (Copyright Thompson’s World Insurance News     Not to be redistributed by individual recipients.)     The cost for insuring this month’s football World Cup has been pegged at around CAD$9.5bn (£6.2bn) — and that doesn’t even include the policies for the players themselves.     Some of the stadiums involved have undergone major renovations and another five new ones have been built around host South Africa to accommodate millions of ticket-holders.     Brian Oxley, insurance manager for FIFA’s organizing committee, says in an article on Lloyd’s website that the combined value for these stadiums and training venues amounts to almost CAD$5bn (£3.2bn).     On top of that are competitions and offers that have sprung up around the event, leading to a vast range of potential coverage in terms of contingency.     “(With all of the) competitions, offers, prizes, sponsorships and broadcast rights, it is impossible to know how many there are but all companies with these financial implications need coverage,” said Chris Nash, active underwriter at Sportscover. Lloyd’s says that while the focus is undoubtedly on the players, fans and footballers alike are keen to know that injuries and illness won’t jeopardize their chance for glory. A player at the height of his career and playing in one of the top leagues and for his country could be insured for CAD$76m (£50m), according to Peter Thompson, underwriter at Beazley.     More in our June 14 2010 edition        Thompson’s World Insurance News P.O. Box 1027,  Waterloo, Ontario,  Canada  N2J 4S1 Tel: 519-579-2500 Fax: 519-745-7321 mpub@sympatico.ca THOMPSON’S WORLD INSURANCE NEWS , Canada’s only independent weekly for p&c insurance professionals, has been the industry’s most trusted news source since 1988.