Bluefin dealing with multiple riot claims from retailers

Bluefin chief executive Stuart Reid said brokers were working hard to help property owners suffering from the London riots last night.

Reid said Bluefin brokered for several household name retailers which had suffered large damage across several locations in London.

“The damage is really substantial, but we really do not know whether it is at the end. No knows where it is going to end, that is the issue,” Reid said.

The two areas of insurance likely to be hit most are property damage and business interruption.

RSA, which has a big property book, and Aviva, which is the biggest insurer in SME are likely to take the heaviest hits on claims.