Property

The regulator says that the losses were caused by a “jigsaw” of events that should be considered as a whole.

The FCA said in its skeleton argument that the government’s instructions amounted to an imposition or order.

Insurers involved in the Financial Conduct Authority (FCA)’s test case for BI disputes have contested the regulator’s assertion that the Covid-19 outbreak was the proximate cause of insureds’ losses.

The Hiscox Action Group (HAG) has been given permission to take part in the Financial Conduct Authority (FCA)’s test case on Covid-19 business interruption (BI) claims.

Vanessa Macdonald-Smith, who resigned as CEO of the legacy JLT Fac business in April 2019, has resurfaced in the market as head of direct and facultative at Oneglobal Broking.

The regulator says it is reasonable to rely on Imperial and Cambridge models as a form of evidence.

The Chikugo River on the island of Kyushu is one of many to have broken its banks.

The insurance industry's early victory could set a precedent for the many pandemic-related disputes in train.

In so many ways, Covid-19 has scope to manifest as an asymmetric loss, and inadvertently having to run the property loss net may be yet another.

Expert testimony will be needed on vicinity point if FCA opts not to amend its original argument by Friday.

The rebranded JC Flowers-backed vehicle sets its sights on D&F expansion.

ReStart, Recover Re and Black Swan Re aim to address the short-, medium- and long-term risk associated with Covid-19 and future systemic events.