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@vacant
When something is too big for one insurance company to insure, they'll place some of the risk elsewhere.
I.e Insurance company A can afford to lose £100million
A Tower is worth 200 million. Insurance company A will insure it, but then sell on everything over their £100 million to another company.
It's a hell of a lot more complicated than this, but that's the essence of it. Well it's not, but it'll do.