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ARTICLE · 05 OCTOBER 2020

FCA Test Case - Update

Beale & Co
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As a firm, we have provided regular updates on the FCA Business Interruption (BI) test case - you can link to our published articles here.

United KingdomInsurance
Stephen Reilly
Stephen Reilly

As a firm, we have provided regular updates on the FCA Business Interruption (BI) test case - you can link to our published articles here.

  • Proceedings were brought by the FCA as regulator of BI insurers to resolve issues regarding the scope of BI policy coverage and causation. The FCA was supported in the litigation by two action groups - Hiscox Action Group and Hospitality Insurance Group Action, who both presented arguments on behalf of policyholders in addition to those presented by the FCA. The eight Defendants in the test case were:
    • Arch Insurance (UK) Ltd
    • Argenta Syndicate Management Ltd
    • Ecclesiastical Insurance Office Plc
    • MS Amlin Underwriting Ltd
    • Hiscox Insurance Company Ltd

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