TRAVELERS CASUALTY AND SURETY CO OF CANADA v SUN LIFE ASSURANCE CO OF CANADA (UK) LTD

[2007] Lloyd's Rep IR Plus 2

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice Christopher Clarke

Insurance (liability) – Global excess policy issued to Canadian parent company and worldwide subsidiaries – English subsidiary incurring losses following review of sale of investment contracts ordered by Financial Services Authority – Whether English or Ontario law applied to policy – Whether assured in breach of warranty as to knowledge of circumstances which could give rise to liability – Whether assured in breach of obligation to notify claims as soon as practicable – Quantum.