Legal
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The indictment mentions two unnamed UK reinsurance brokers and an executive who took part in the corruption scheme. -
Clubs including Arsenal, Aston Villa and Leicester City are claiming against insurers.
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The reinsurance broker also sued five former GC Access leaders who now work at Howden as managing directors.
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Hayden Tennant also allegedly sought to launch a rival company, in breach of contractual obligations.
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A steady flow of litigation relating to Covid-19 BI is hitting the courts, despite the completion of the FCA test case last year.
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The carrier said that it intends to defend the proceeding.
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If the lessor’s $3.5bn all-risk claim proves unsuccessful, it plans to pursue a claim on its contingent war policy worth $1.2bn.
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The parties gave their final submissions following a legal hearing that has lasted over two weeks.
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Louisiana appeals court decision that allows property damage claim for Covid shutdowns is contrary to every other appellate ruling on the issue.
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The pub company is looking for a payout at every one of its 760 premises, whilst insurers claim it is entitled to a single limit.
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Aon claims PFI head Paul Tubb unlawfully recruited five colleagues for Howden’s construction unit.
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In a 3-2 split decision issued last week, Louisiana’s Fourth Circuit Court of Appeal ruled that the policy language is “ambiguous”.
