Articles by Harry Curtis
Hiscox Action Group seeks 'limited' role in FCA BI test case
The Hiscox Action Group is seeking a “limited” role alongside the Financial Conduct Authority in the business interruption test case slated to be heard by the High Court in July.
Hiscox denies it 'refused' arbitration with £47m BI claim action group
Hiscox has denied that it 'refused' to participate in expedited arbitration proceedings launched by a group of businesses challenging the rejection of lockdown-related business interruption claims.
Analysis: The wordings under the magnifying glass in the FCA's BI test case
As preparations continue for a July test case to determine whether business interruption policies cover coronavirus lockdown losses, Post delves into the “representative sample” of wordings on which the court will be adjudicating.
Analysis: Covid-19's sting in the tail for trade credit and political risks insurers
Trade credit and the political risks class were among those with the greatest Covid-19 predicted insured losses, ranking behind only hard-hit areas such as business interruption and contingency, in a scenario analysis published by Willis Towers Watson in…
Fidelis takes total 2020 financing past $1bn with debt raise
Fidelis has again increased its capital reserves through a $300m debt raise, meaning the specialty insurer and reinsurer has now raised in excess of $1bn in capital this year.
Lloyd's and RSA address slavery ties
Lloyd’s of London and RSA have addressed their historic involvement with the Atlantic slave trade and committed to continuing work to tackle racism.
Future of Lloyd's underwriting room unclear as it targets September partial re-opening
The future of the Lloyd’s underwriting room after the Covid-19 pandemic is in doubt, with the success of remote trading raising questions over the necessity of insurers paying for square footage in the City.
Liiba chief calls for greater role for brokers in provision of SME BI cover
Christopher Croft, CEO of the London and International Insurance Brokers’ Association has called for brokers to play a more active role in the sale of business interruption insurance to small and medium businesses.
McLarens buys Crawford's Lloyd Warwick International
McLarens has acquired oil and energy specialist loss adjuster Lloyd Warwick International, previously majority owned by Crawford & Company.
FCA flags Financial Services Register clone site
The Financial Conduct Authority has flagged an attempt to reproduce its Financial Services Register on a non-FCA website.
Insurers' intent with regards pandemics 'not relevant or admissible', FCA will argue in High Court test case
Insurers’ contentions that wordings in business interruption policies are not designed to and do not provide cover in the event of pandemics will be disputed by the Financial Conduct Authority when it brings a test case before the High Court next month.
Lancashire and Fidelis secure capital boosts
Lancashire has raised £277m through the placing of 39.6 million new shares at a price of 700p per share – a 3.6% discount on its stock price at the close of Tuesday trading, while fellow specialist insurer and reinsurer Fidelis has announced that it has…
Lancashire to raise £287m in anticipation of accelerated hard market return
Lancashire will look to raise £287m through the placing 39.6 million new shares, representing 19.5% of the company’s existing issued share capital, in order to take advantage of a return to hard market conditions.
HAG issues £52m claim against Hiscox as its lawyers draw up dentists' claim against QBE
The Hiscox Action Group has issued a £52m claim against Hiscox for unpaid business interruption claims related to losses incurred during the coronavirus lockdown.
Price comparison sites report return to normality after Covid disruption
Price comparison sites saw the beginnings of a gradual return to pre-pandemic consumer behaviours in May, having seen search volumes plummet in the initial weeks of the lockdown.
FCA BI test case gives law firms and businesses pause for thought
The Financial Conduct Authority's test case may be driving some law firms to revise their roles in slated business interruption legal battles, but lawyers argue they will still have a part to play quantifying losses and settling disputes.
FCA names eight insurers to take part in BI test case
Eight insurers will participate in a High Court test case being prepared by the Financial Conduct Authority to rule on whether the wordings of business interruption policies provide cover to businesses hit by the coronavirus pandemic.
Businesses urged to wait for FCA test case to streamline BI legal storm
Action group members challenging insurers over rejected coronavirus-related business interruption claims would be better off waiting for the outcome of the Financial Conduct Authority's test case before embarking on proceedings, an expert advising…
Lloyd's transfer of EEA policies to Brussels given High Court go-ahead
The High Court has green-lit Lloyd’s plans for notifying European policyholders that their business will be transferred to the market’s Brussels branch later this year.
Law firm names Hiscox and RSA as BI class action litigation targets
Law firm Edwin Coe has invited businesses that have been denied business interruption cover by Hiscox and RSA to join two group claims it is putting together, as litigation against insurers by rejected policyholders cover continues to proliferate.
Trio of winter firm failures inflate insurer contributions to FSCS levy
General insurers will pay £8m more in Financial Services Compensation Scheme levy contributions than previously anticipated due to the recent failure of three firms.
Hospitality businesses gear up for group action against Aviva and QBE
Aviva and QBE face multimillion pound claims from a group of hospitality businesses that were denied cover when they sought to recoup pandemic-related losses.
Ferma mulls call for pan-European pandemic solution
Future events causing non-damage business interruption losses on the scale seen during the coronavirus pandemic could require a pan-European approach in addition to national pools and solutions, the president of the Federation of European Risk Management…
Beazley stock jumps 10% on news of £247m equity raise
Beazley’s stock price rose 10.3% in the first hour of trading this morning after the insurer announced that it had successfully raised £247m through the issuing of new shares.