When Fifa, world football’s governing body, held its World Cup in West Germany in 1974, it felt obliged for the first time to insure the tournament against the risk of cancellation. The catalyst was the terrorist attacks on Israeli athletes at the Munich Olympics two years previously.
The World Cup finals have been insured ever since, however the 2006 finals in Germany (again) will buck that trend. Insurance since September 11 has become too expensive, forcing Fifa to look elsewhere. It has decid