MDIS LTD (FORMERLY McDONNELL INFORMATION SYSTEMS LTD) v SWINBANK LONDON & EDINBURGH INSURANCE CO LTD AEGON INSURANCE CO (UK) LTD

[1999] Lloyd's Rep IR 516

COURT OF APPEAL

Before Lord Justice Peter Gibson, Lord Justice Judge and Lord Justice Clarke

Insurance (professional indemnity) - Operative clause applying to allegations against the assured - Cover for negligence and fraud - Dishonesty exclusion where assured could reasonably have discovered dishonesty on the part of employees - Compromise agreement entered into by assured - Whether policy responded to allegations of whether proximate cause of loss leading to settlement had to be demonstrated.