ASTRAZENECA INSURANCE CO LTD v XL INSURANCE (BERMUDA) LTD AND ANOTHER

[2014] Lloyd's Rep IR 509

COURT OF APPEAL

Before Lord Justice MOORE-BICK,Lord Justice BRIGGS,Lord Justice CHRISTOPHER CLARKE

Reinsurance – Liability insurance – Bermuda Form – Whether New York law relevant – Liability of assured to policy holder for defence costs and settlement – Whether reinsured had to prove liability of assured as a matter of law – Whether reinsured liable for defence costs where claim itself not covered by policy.