UNIPOLSAI ASSICURAZIONI SPA V COVEA INSURANCE PLC; MARKEL INTERNATIONAL INSURANCE CO LTD V GENERAL REINSURANCE AG

[2024] EWHC 253 (Comm), King's Bench Division, Commercial Court, Mr Justice Foxton, 9 February 2024

Reinsurance – Excess of loss – Aggregation – Covid-19 – Meaning of "catastrophe" – Effect of "hours clause" – Arbitration – Error of law – Arbitration Act 1996, section 69

This was a combined appeal 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.