Re: Balfour Beatty 10.75% Cum Convertible Preference (BBYB)
Posted: June 12th, 2020, 11:42 pm
Laughton wrote:I too hold ELLA - but I think that Ecclesiastical is one of the companies included in the FCA supported case being brought before the Court to decide on whether insurance policy wordings generally should cover covid19 business interuption claims.
Not sure what sort of impact that would have on ELLA should the Court decide against the insurance industry.
Must be a reason they were included, but to be honest I am surprised that they write that type of policy. See link for a description of their business...
https://www.ecclesiastical.com/about-us/
PS, no holding