Lloyd's/London Market

New Ventures: Inigo Raises $800m, They Are Good To Go

Inigo Limited (Inigo), a new insurance group, announces that it has successfully completed a capital raise of approximately $800 million from a consortium of global investors comprising (amongst others) funds controlled by Caisse de dépôt […]

Insurance Regulation

Latest Update from The FCA On Business Interruption Cases

LATEST UPDATE: 01.10.2020 FROM THE FCA Our objective throughout this case has been to achieve clarity for everyone involved as quickly as possible and that remains the case. We initiated the test case with eight […]

News

FCA Judgement on Denied Business Interruption Claims

It has been a tough pandemic for lots of businesses, especially those in the hospitality sector. So when insurers refused to pay on Business Interruption, there was always going to be legal action. Here’s the […]

Legal

Michigan Court Rejects Restaurant Claim Over Business Interruption Cover

A court in Lansing Michigan has rejected a claim lodged by a restaurant company, Gavrilides Management Co, who wanted a payout after Covid-19 restrictions closed their business. Sadly, the commercial policy that was in place […]

News

Business Interruption; Law Firm Allowed to Engage with FCA Test Case

The battle over refused Business Interruption insurance claims in the UK is hotting up, with upmarket law firm Mishcon de Reya representing many companies disgruntled at QBE, RSA and Hiscox in particular. If the FCA […]

Insurance claims

ICYMI: Class Action by Dentists Against QBE on Business Interruption Claims

Yes, we missed this one last week – useful to know how the Business Interruption arguments are unfolding in the UK; Dental practices with business interruption (BI) insurance policies underwritten by QBE today are offered […]

Insurance Brokers

Bike Insurance Specialist Bikmo Stashes £1.8m Into Its Panniers

Covid-19 certainly got thousands of Brits onto bikes, many for the first time. That means demand for bicycle insurance is going to increase, especially as cities like Manchester and London invest more in genuine cycleways […]