Back in 2003, following the outbreak of the Sars virus, the directors of the All England Lawn Tennis and Croquet Club made a smart decision. To protect the club from financial disaster if a pandemic forced them to cancel the Wimbledon Championships, the board took out insurance.

For the next 17 years, it paid an annual premium of about £1.5m until 2020 when Covid struck and the tennis tournament was scrapped. The resulting losses would have been a huge blow to the club but for its insurance, which has paid out more than £180m. Not a bad return from premiums of about £25m.