Insolvency insurance: limitation of actions

In National House Building Council v Peabody Trust [2025] EWCA Civ 932; [2025] Lloyd's Rep IR 533 the Court of Appeal dismissed an appeal from the first instance decision of Andrew Mitchell KC [2024] EWHC 2063 (TCC) [2024] Lloyd's Rep IR 717, holding that the six-year limitation period for insurance claims laid down by the Limitation Act 1980 began to run under an insolvency policy not on the insolvency of the contracting party but rather at the point at which the assured was called upon to make good losses caused by the contracting party's insolvency.

Peabody: the facts