Liberty Mutual Insurance Europe News

UK Pubs Group Sues Zurich, Liberty Mutual, MS Amlin for $1.2B Over COVID BI Losses

Britain’s biggest pubs group Stonegate, which is suing Zurich Insurance and two peers for 1 billion pounds ($1.2 billion) over lockdown losses, battled the COVID-19 pandemic “day by day, venue by venue,” a London trial heard on Monday. Ben Lynch, …

Britain’s Largest Pub Group Launches Billion-Dollar Suit over COVID-Related BI Claim

Britain’s largest pub group, Stonegate Pub Group Co., sued three insurers for 846 million pounds ($1.2 billion) over losses it suffered after being forced to shut during the coronavirus pandemic. Owned by TDR Capital, the company filed a suit against …

UK Watchdog’s Fines Against Insurers, Banks Drop by 75% in 2018

The total value of fines handed out by the U.K.’s Financial Conduct Authority fell by almost 75 percent in 2018, after a bumper year in which it had secured penalties against the likes of Deutsche Bank AG, Merrill Lynch International …

International Underwriting Association Elects New Market Committee Leaders

The London-based International Underwriting Association’s new Delegated Authority Underwriting Group has held its first meeting and elected Paul Rich of Inter Hannover as its chairman. Matt Gordon of Aviva has been appointed deputy chairman. The group was established in response …