Covid-19 News

Members of 7KBW intend to produce news items and bulletins on topics related to Covid-19 at regular intervals over the coming months.

FCA TEST CASE – Business Interruption Insurance

The Financial Conduct Authority v Arch Insurance (UK) Limited and others [2020] EWHC 2448 (Comm) Jonathan Gaisman QC, Adam Fenton QC and Harry Wright, with Miles Harris of 4 New Square were instructed by Allen & Overy and represented Hiscox Insurance Company Limited in this matter. This expedited case was the first ever under the Financial […]

September 19, 2020

Judgment in COVID-19 business interruption test case: 7KBW team acts for MS Amlin and Ecclesiastical

The Financial Conduct Authority v Arch Insurance (UK) Limited and others [2020] EWHC 2448 (Comm) Gavin Kealey QC, Andrew Wales QC, Sushma Ananda and Henry Moore, instructed by DAC Beachcroft LLP, represented MS Amlin Underwriting Ltd (“MSA”) and Ecclesiastical Insurance Office plc (“EIO”) in the expedited test case proceedings started by the FCA in June 2020.  The test case, […]

September 18, 2020

FCA Business Interruption Insurance Test Case – Josephine Higgs

The Financial Conduct Authority v Arch Insurance (UK) Limited and others [2020] EWHC 2448 (Comm) In June 2020 the Financial Conduct Authority (“FCA”) brought expedited test case proceedings against eight selected insurers to determine whether certain representative business interruption wordings respond to COVID-19 related losses.  These proceedings led to an urgent, remote 2 week trial […]

September 15, 2020

FCA coronavirus test case

Two teams from 7KBW are acting for three insurers involved in the FCA test case to determine whether sample Business Interruption wordings respond to coronavirus losses. The test case is expected to lead to an urgent trial in late July, in what is likely to be the most significant insurance litigation for many years. With […]

June 1, 2020

COVID-19: Bulletin 4

Richard Southern QC and Richard Sarll of 7KBW have prepared a bulletin on COVID-19 and the oil market, which considers the applicability of frustration and force majeure to contracts for the sale of oil and oil products. Members of 7KBW intend to produce bulletins on various topics affecting the oil industry at regular intervals over […]

May 6, 2020

COVID-19: Bulletin 3

Richard Southern QC and Richard Sarll of 7KBW have prepared a bulletin on COVID-19 and the oil market, which considers the recovery of hedging losses. Members of 7KBW intend to produce bulletins on various topics affecting the oil industry at regular intervals over the coming months. Members of 7KBW have extensive experience of the oil […]

May 1, 2020

COVID-19: Insurance Bulletin 2

Peter MacDonald Eggers QC and Douglas Grant of 7KBW have prepared a bulletin on Insurance and Reinsurance Aggregation issues relating to COVID-19. Members of 7KBW intend to produce bulletins on topics affecting the insurance and reinsurance industry at regular intervals over the coming months. Members of 7KBW have extensive experience of the issues of insurance […]

April 28, 2020

COVID-19: Insurance Bulletin 1

Rebecca Sabben Clare QC and Andrew Pearson of 7KBW have written a note in relation to Coronavirus and Business Interruption Cover Claims. Members of 7KBW intend to produce bulletins on topics affecting the insurance and reinsurance industry at regular intervals over the coming months. Members of 7KBW have extensive experience of the issues of insurance […]

March 30, 2020