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

[2007] Lloyd's Rep IR 619

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.