UNIPOLSAI ASSICURAZIONI SPA V COVÉA INSURANCE PLC

[2024] EWCA Civ 1110, Court of Appeal, Sir Julian Flaux, Chancellor, Lord Justice Newey and Lord Justice Popplewell, 30 September 2024

Reinsurance – Excess of loss – Aggregation – Covid-19 – Meaning of "catastrophe" – Effect of "hours clause"

This was an appeal against the decision of Foxton J under section 69 of the Arbitration Act 1996 against two arbitration awards (Markel, Covea) given in respect of claims for Covid-19 losses under excess of loss catastrophe reinsurance treaties.