Insurance Post

Liability onus placed on captive operators by Court of Appeal ruling

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Captive operators have been warned the Court of Appeal’s decision to uphold the ruling of the Commercial Court in Astra Zeneca Insurance Company v XL Insurance (Bermuda) and Ace Bermuda will place increased onus on liability policies.

Multinational pharmaceutical company Astra Zeneca's captive Azico had provided liability cover under a ‘Bermuda Form' policy and settled a substantial number of personal injury claims relating to its

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