Marsh and RSA clash over FCA BI test case wording as brokers dragged into the mix

Credit: iStock/Chansom Pantip

Marsh and RSA have clashed over a business interruption (BI) wording provided by the broker that is involved in the Financial Conduct Authority’s (FCA) test case. The insurer said Marsh and its clients should be liable for any contract ambiguity, whereas the broker argues it should fall on RSA. Eight insurers – Arch Insurance, Argenta Syndicate Management, Ecclesiastical, QBE UK,…

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