Blog: Stonegate v MS Amlin and others - battle lines drawn in a £1bn dispute

closed-sign

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: