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Mcdonnell Information Systems Ltd -v- Swinbank And Others

16th Dec 1998

[1999] Lloyd’s Rep IR 98

Robert Bright – Professional indemnity insurance – Operative clause applying to allegations against the assured – Cover for negligence and for fraud – Fraud exclusion where assured could reasonably have discovered fraud – Compromise agreement entered into by assured – Whether policy responded to allegations or whether proximate cause of loss leading to settlement had to be demonstrated