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LLR: Insurance & Reinsurance

ACE EUROPEAN GROUP AND OTHERS v STANDARD LIFE ASSURANCE LTD

[2013] Lloyd's Rep. IR 415

COURT OF APPEAL

Before Lord Justice LONGMORE,Lord Justice RIMER,Lord Justice TOMLINSON

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.

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