Insurers bracing as UK hospitality groups head to courts over lockdown losses

The logo of insurer Allianz on the company building near Paris, France. Picture: REUTERS/CHARLES PLATIAU

Insurers have since paid out £1.3bn , according to the Financial Conduct Authority. But the ruling did not cover all policy wordings and, where it deemed claims valid, some companies are now disputing payout levels. It is suing AXA for about £4.5m in a dispute that hinges in part on the scope of “denial of access” cover, designed to protect insured venues that are shut by public authorities on health grounds.Other businesses have potentially tens of millions of pounds riding on the outcome of the case, said Mark Pring, partner at law firm Reed Smith.

The Slug and Lettuce owner Stonegate, Britain’s largest pub group, is bringing an £845m claim against Zurich, MS Amlin and Liberty Mutual, who insured 760 of its 4,500 venues.

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