Axa France vows to appeal BI judgement The carrier claims the Paris court decision runs counter to judgments in Toulouse and Bourg-en-Bresse.
RSA aggregate deal to pick up share of £104mn Covid losses Reinsurance recoveries and a drop in overall claims will offset the BI loss hike.
High Court finds in favour of insureds in landmark BI test case In a major blow to insurers the court found that the pandemic and the government’s response could be treated as a single cause of loss.
Hiscox closes up 17% after £100mn FCA BI verdict loss disclosure The carrier predicts fewer than one third of its 34,000 UK BI policies could be impacted by the judgment.
Lloyd’s UK Covid BI impact would be ‘low hundreds of millions’ CEO John Neal gave the estimate ahead of the FCA test case judgment next week.