Capital markets ready for insurer financing as FCA case ends

By Sam Kerr, Tyler Davies
05 Aug 2020

The insurance industry is eagerly awaiting the result of a court case which would determine whether they have to pay out Covid-19 claims under basic business interruption policies. If the case goes against them some are expected to hit the capital markets for financing.

The Financial Conduct Authority stepped in at the beginning of May to help resolve a dispute between insurers and policy holders, over whether Covid-19 is covered by standard business interruption policies.

It has collated a representative set of of business interruption policies that was examined by the UK’s High ...

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