Professional indemnity insurance: the Insolvency Exclusion

In Crowden and Another v QBE Insurance (Europe) Ltd [2017] EWHC 2597 (Comm) Peter MacDonald Eggers QC, sitting as a Deputy Judge of the High Court, undertook a detailed analysis of the Insolvency Exclusion commonly found in professional indemnity policies issued to financial advisers. The analysis raised important questions of construction and causation.

Crowden : the facts