Irish insurer FBD welcomes court ruling on BI reinsurance recoveries
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Irish insurer FBD welcomes court ruling on BI reinsurance recoveries

Samuel Casey
31 January 2022
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Legal office of lawyers, justice and law concept : Wooden judge gavel or a wood hammer and a soundboard used by a judge person on a desk in a courtroom with a blurred brass scale of justice behind.

Irish insurer FBD has welcomed a ruling in the Irish High Court that reduces uncertainty around its reinsurance recoveries for BI losses relating to the Covid-19 pandemic.

The ruling provided “considerable clarity” on the definition of business closure and other matters such as allowable wages, the insurer said.

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Samuel Casey
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