Liability insurance: settlements

In SYT Consultants Pte Ltd v QBE Insurance (Singapore) Pte Ltd [2022] SGHC 251, Kwek Mean Luck J in the Singapore High Court considered the effect of a settlement on a liability insurer who had refused indemnity. Departing from English law, the court ruled that a settlement is binding if it is reasonable and it was not necessary for the assured to show that the settlement reflected the actual amount of liability that would have been determined had the claim against the assured gone to trial.

SYT : the facts