Liability onus placed on captive operators by Court of Appeal ruling
Captive operators have been warned the Court of Appeal’s decision to uphold the ruling of the Commercial Court in Astra Zeneca Insurance Company v XL Insurance (Bermuda) and Ace Bermuda will place increased onus on liability policies.
Multinational pharmaceutical company Astra Zeneca's captive Azico had provided liability cover under a ‘Bermuda Form' policy and settled a substantial number of personal injury claims relating to its
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