Clarence Hotel drops business interruption cover case with insurance broker
Press Up-owned hotel had sued Arachas Corporate Brokers
Press Up paid €3.74m to buy Clarence Hotel lease from Bono, the Edge and others
Latest accounts show Orsen made pre-tax profit of €1.3m in 17 months to end of May 2020
Clarence Hotel operator loses action against Axa over Covid interruption
Brushfield Ltd claimed it was entitled to be compensated for losses due to lockdowns
Clarence Hotel claims it is entitled to compensation over lockdown losses
An effect of Covid is inflammation of the brain, which is covered under its Axa policy, court hears
Hospitality group sues over alleged failure to honour insurance
Press Up group suing over business interruption insurance arising out of lockdown
U2 association helped Clarence Hotel deliver profits of €760,000
Bono, the Edge and Paddy McKillen snr sold the leasehold to the Press Up Group in June
Clarence Hotel gets continued support
Owners include the Edge from U2 and Alison Hewson, wife of Bono
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