The Business Law Reports
[2024] Bus LR 664
King’s Bench Division
Unipolsai Assicurazioni SpA
v
Covéa Insurance plc
Markel International Insurance Co Ltd
v
General Reinsurance AG
[2024] EWHC 253 (Comm)
2024 Jan 11, 12;
Feb 9
Feb 9
Foxton J
Insurance— Reinsurance— Contract— Construction— Insurers providing business interruption policies for losses caused by peril other than physical damage to insured property— Government ordering closure of businesses following outbreak of Covid-19 pandemic— Insurers paying out for consequent business interruption losses and seeking indemnity from reinsurers— Reinsurance contracts containing hours clause confining indemnity to losses arising from “catastrophe” within set period— Whether “catastrophe” limited to sudden and violent event capable of causing damage— Whether losses occurring when businesses closed or day by day
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