ASTRAZENECA INSURANCE CO LTD v XL INSURANCE (BERMUDA) LTD AND ANOTHER

[2014] Lloyd's Rep IR Plus 26

COURT OF APPEAL

Before Lord Justice Moore-Bick, Lord Justice Briggs and Lord Justice Christopher Clarke

Reinsurance - Liability insurance - Bermuda Form - Whether New York law relevant - Liability of assured to policy holder for defence costs and settlement - Whether reinsured had to prove liability of assured as a matter of law - Whether reinsured liable for defence costs where claim itself not covered by policy.