Insurers welcome decision in £1.1bn Stonegate BI trial but appeal looms

17 October 2022

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Insurers have welcomed the publication of the judgment in the £1.1bn ($1.2bn) Stonegate Covid-19 BI trial, with the UK High Court finding substantially in favour of carriers on the key issue of aggregation.

MS Amlin said that, on the issue of aggregation and furlough payments, the court found “almost entirely in favour of insurers” over the pub group, a decision with the potential to have “an enormous financial impact” on UK insurers.

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Insurers welcome decision in £1.1bn Stonegate BI trial but appeal looms

Insurers have welcomed the publication of the judgment in the £1.1bn ($1.2bn) Stonegate Covid-19 BI trial, with the UK High Court finding substantially in favour of carriers on the key issue of aggregation.

Fuel a smarter strategy with our actionable market intelligence

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Insurers welcome decision in £1.1bn Stonegate BI trial but appeal looms

Insurers have welcomed the publication of the judgment in the £1.1bn ($1.2bn) Stonegate Covid-19 BI trial, with the UK High Court finding substantially in favour of carriers on the key issue of aggregation.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Everest Q1 CoR up 14 points to 102.7% as reinsurance unit hit by wildfires

Axis Q1 CoR decreases 1 point to 90.2% despite higher cat losses

Hamilton Global Specialty cyber head Spencer-Sim to exit

Realistic growth expectation for reinsurance is 6%-7%: Arch CFO

Voss among multiple European TL resignations from Dual

PartnerRe non-life segment swings to Q4 profit

Travelers Europe chief information officer Kitchen exits for Marsh