LIBERTY MANAGING AGENCY LTD (IN ITS CAPACITY AS THE MANAGING AGENT FOR LLOYD'S SYNDICATE 4472 FOR THE 2016 YEAR OF ACCOUNT) AND OTHERS V CHEDID AND ANOTHER

[2026] EWHC 2354 (Comm), King's Bench Division, Commercial Court, Mr Justice Jacobs, 11 September 2026

Insurance (Directors and Officers) – Clause preventing avoidance for breach of duty of fair presentation until fraud proved or admitted – Allegation of fraud against assureds – Payment of advance defence costs

The D&O policy issued to the defendant directors provided indemnity for their liability for any wrongful act, and also covered defence costs incurred in the investigation or settlement of a claim.