Drive through the suburbs of Ireland at this time of year and you’ll eventually come across a bouncy castle. Bouncy castles are difficult to insure, says Stephen O’Connor, chairman and founder of The Underwriting Exchange. The Underwriting Exchange is an insurance broker specialising in exporting Irish business to the Lloyd’s market. This year, it’s expected to export about €100-110 million worth of insurance from Ireland to the UK and European markets. A bouncy castle is difficult to insure because there’s a small chance of a very serious injury, and because bouncy castles are a niche business — there are dozens…
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