MS Amlin
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The deal is split into a ~£1.1bn reinsurance-to-close deal and a ~£100mn loss portfolio transfer. -
Clubs including Arsenal, Aston Villa and Leicester City are claiming against insurers.
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The business attributed the losses to Ukraine claims and a negative investment performance.
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Grant Baxter will take up the role towards the end of the year.
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The suit is the latest in a series of Covid-19 BI legal actions hinging on aggregation brought against insurers.
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The parties gave their final submissions following a legal hearing that has lasted over two weeks.
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The insurers also claimed that Stonegate’s desired treatment of furlough payments would lead to it being ‘over-indemnified’.
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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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The pub chain has claimed in court that it is entitled to separate payouts for each of its 760 venues.
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Aggregation is the main issue in the landmark case brought against MS Amlin, Zurich and Liberty Mutual.
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Katie Wolff will be responsible for MS Amlin’s P&C operations in the UK.
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The product will provide construction all risk and operational all risk coverage, backed by AI-powered data and analytics.
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