Swift’s reputation for rarely cancelling concerts makes her an attractive client for insurance companies. Specialized event cancellation insurers in London, including those part of the Lloyd’s of London market, will most likely participate in the insurance coverage for her tour.
The cancelled concerts were supposed to take place at the Ernst Happel Stadium and were expected to attract about 195,000 people over three nights. Insurers may lose tens of millions of dollars, unless they manage to reschedule the concerts.
In March 2023, Taylor Swift’s highly successful Eras Tour grossed $1.04 billion from November 2022 to November 2023. The international leg of this tour began in August 2023 and includes upcoming shows in London and the US.
Three teenagers have been arrested over an attempted bombing plot that would have seen explosives detonated near the concert venue. Hence, achieving high levels of security is a serious business for Swift’s management team.
Due to her success as a singer, Taylor Swift has become a billionaire, with an estimated wealth of $1.3 billion, according to Forbes. Moreover, there are other notable achievements associated with her successful tour.
