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LLR: Insurance & Reinsurance

STANDARD LIFE ASSURANCE LTD v ACE EUROPEAN GROUP AND OTHERS

[2012] Lloyd's Rep. IR 655

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Eder

Insurance (professional indemnity) - Mitigation Costs - Assured establishing Fund and inviting claims by customers - Whether costs of establishing fund constituted Mitigation Costs - Whether mixed motive of assured in establishing fund justified apportionment - Whether losses could be aggregated.

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