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ARTICLE · 10 NOVEMBER 2026

Rectification Refused In Claim For Covid-19 BI Losses

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A UK High Court judgment examines whether policyholders can recover €160 million in pandemic-related business interruption losses under insurance policies covering hotels, spas, and restaurants across multiple European countries. The case explores whether renewal communications created an enforceable agreement to maintain favorable coverage terms and how exclusion clauses apply to Covid-19 losses.

United KingdomInsurance
Rupert Warren
Rupert Warren
Jacqueline Lewinton
Jacqueline Lewinton

In a judgment handed down on 29 June 2026, Mr Justice Andrew Baker considered a claim brought by fifteen policyholders (the “Claimants“) against various Generali entities (the “Insurers” or the “Defendants“) seeking coverage for substantial business interruption (“BI“) losses sustained during the Covid-19 pandemic (CP Holdings Ltd & Ors v Assicurazioni Generali SpA & Ors [2026] EWHC 1520 (Comm)). The Court’s main considerations at the preliminary issues hearing were a rectification claim brought by the Claimants in respect of the 2019 Global Policy and certain exclusions in the policy terms.

Background facts

The Claimants operated hotels, spas, restaurants and offices in the UK, Czechia, Romania, Slovakia and Hungary. As a result of the pandemic, the Claimants estimated their collective loss of revenue was approximately €400 million, of which they sought to recover €160 million under four insurance policies. The four policies included a 2018 Global Policy and 2019 Global Policy

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