Astrazeneca v XL Insurance A3/2013/0824

Download document:

Astrazeneca v XL Insurance A3/2013/0824 - .PDF file.

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…

If you are registered and logged in to the site, click on the link below to read the rest of the 7KBW briefing. If not, please register or sign in with your details below.