Covid-19: Broker calls on Chancellor to release Pool Re funds for BI claims
NDML is asking for some of Pool Re’s £6.6bn cash to be used to help businesses in the leisure and hospitality sector which have been hit by coronavirus.
Simon Mabb, MD of NDML Insurance, has written an open letter to Chancellor of the Exchequer, Rishi Sunak, calling on him to release Pool Re funds to help businesses such as hotels and restaurants hit by coronavirus.
NDML is working with the Night Time Industries Association (NTIA) to support its members.
Mabb wrote: “NTIA and NDML are calling on the government to break the deadlock between insurers and the industry.
“We urge you to review the operation of Pool Re and allow its excess funds to
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