ArgoGlobal Underwriting Asia Pacific Pte Ltd and Others v Oversea-Chinese Banking Corporation Ltd [2026] SGCA 14; [2026] 1 Lloyd's Rep 429

Evidence of constructive total loss

The Singapore Court of Appeal in ArgoGlobal Underwriting Asia Pacific Pte Ltd and Others v Oversea-Chinese Banking Corporation Ltd reversed the first instance decision of the Singapore High Court, [2025] 1 Lloyd's Rep 558. ¹ The present review focuses on the Court of Appeal's reasoning on constructive total loss (CTL), which occupies approximately one-third of the judgment, and deals briefly with the remaining issues.