FCA BI Test Case Judgment

15 January 2021

Lloyd’s welcomes the further and definitive clarity that the Supreme Court’s judgment brings for many policyholders with certain non-damage business interruption insurance extensions. We will now take the time to carefully consider and respond to the implications of the Supreme Court’s judgment for Lloyd’s customers, as well as its impact on the Lloyd’s market, which retains less than 2% of the overall UK property SME market.