7KBW

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Astrazeneca v XL Insurance A3/2013/0824

On 28 February 2013, we reported on the decision of Flaux J in Astrazeneca Insurance v XL Bermuda and Ace Bermuda, the first case in which the English courts had been asked to consider the proper interpretation of a ‘Bermuda Form’ policy.

The case concerned a claim by Astrazeneca Insurance, the captive insurer of the worldwide pharmaceutical company, against XL Bermuda and Ace Bermuda under a £133m layer of liability cover in respect of more than $800m (£490m) that Astrazeneca had paid to defend and settle claims made against it in the US and elsewhere in connection with its blockbuster drug, Seroquel…

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7 King's Bench Walk
Temple
DX: 239 LDE
London
EC4Y 7DS
UK
http://www.7kbw.co.uk

Silks: 25
Juniors: 27
Head of chambers: Gavin Kealey QC
Joint senior clerks: Bernie Hyatt and Greg Leyden