U.K. Pub Giant Launches Billion-Dollar Suit Over Covid Insurance

Britain’s largest pub group, Stonegate Pub Group Co., sued three insurers for 846 million pounds ($1.2 billion) over losses it suffered after being forced to shut during the coronavirus pandemic.

Owned by TDR Capital, the company filed a suit against MS Amlin Ltd, Liberty Mutual Insurance Europe SE and Zurich Insurance Plc, according to a U.K. court filing. The insurers said that parts of their policies have been triggered, but that their liability is capped at 17.5 million pounds, most of which has been paid out already, according to Stonegate’s claim form.

Stonegate has been battered ...