Covéa victorious in ~£70mn pandemic BI reinsurance dispute

Published: Wed 2 Oct 2024

The UK arm of French insurer Covéa has won its long-running dispute with Italian reinsurer Unipol over Covid-19 business interruption (BI) reinsurance recoveries, with a London appellate court upholding findings that the pandemic met the definition of “catastrophe” used in the policy.