MS Amlin agrees to works with the FCA and the wider industry to gain clarity on BI claims
We can confirm that MS Amlin Underwriting Limited (MS AUL), the Lloyd’s (re)insurer, has agreed to be one of the eight participating insurers in the Financial Conduct Authority (FCA) test case court action, aimed at seeking legal clarity on business interruption (BI) insurance.
We are pleased to be working closely with the FCA and wider industry to find a solution to this important issue, with the shared objective of gaining certainty, swiftly for everyone involved.
We take our responsibility to support our policyholders extremely seriously and understand the unprecedented challenges they and businesses up and down the country are facing as a result of Covid-19.
We support the FCA’s move to collaborate with the industry and progress with the test case to lift the deadlock and uncertainty surrounding the payment of business interruption claims under these unique circumstances.
For more information please contact the Media team:
MS Amlin, Ngozi Emeagi – (0)207 746 1097
FTI Consulting, Kit Dunford / Colette La Pointe – (0)20 3727 1143 / 1709
About MS Amlin
MS Amlin is a leading global (re)insurer, part of the global top-10 insurance group MS&AD, with three main legal entities’ operating in the Lloyd’s, UK, Continental European and Bermudian markets. With a 300-year record and c.1,800 people in more than 20 locations worldwide, we deliver a quality service for businesses facing the most complex and demanding risks. Our role places us at the forefront of the Property & Casualty, Marine and Reinsurance markets.
We are experts in underwriting, with both technical capability and deep knowledge of the areas we insure. Our claims service aims to set the industry reference point for quality, with efficient, fair and timely claims management.