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ACGLP - Arch Capital News Story

$25.39 -0.0  -0.1%

Last Trade - 5:21pm

Sector
Financials
Size
Large Cap
Market Cap £11.54bn
Enterprise Value £14.22bn
Revenue £6.39bn
Position in Universe 685th / 6846

UK Supreme Court hands businesses victory in COVID-19 insurance ruling

Fri 15th January, 2021 9:49am
LONDON, Jan 15 (Reuters) - The UK Supreme Court ruled on
Friday that thousands of businesses should be insured for losses
amassed after a national lockdown to curb the coronavirus
pandemic in a test case that pitched the markets regulator
against major insurers.
    Six of the world's largest commercial insurers -- Hiscox
 HSX.L , RSA  RSA.L , QBE  QBE.AX , Argenta  HNRGn.DE , Arch
 ACGL.O  and MS Amlin  MITSID.UL  -- said many business
interruption policies did not cover widespread disruption after
Britain's first national lockdown last March.

 (Reporting by Kirstin Ridley and Carolyn Cohn
Editing by Rachel Armstrong)
 ((kirstin.ridley@thomsonreuters.com; +44 (0) 207 513 5666;))
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