Blog: Stonegate v MS Amlin and others - battle lines drawn in a £1bn dispute
Reed Smith’s Peter Hardy and Catherine Lewis consider the impact of Stonegate’s £1bn court claim.
The latest of the Covid pandemic business interruption cases concerns a staggering £1bn of losses claimed by over 750 hospitality businesses and turns on a number of complex topics including aggregation and causation. The case concerns a widely used “off the peg” Marsh Resilience wording which will cause many policyholders also holding this (and similar) wording to await the outcome with interest.
The battle lines are starkly drawn. Stonegate says it has claims valued at over £bn. Insurers say
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