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MDIS Ltd (Formerly Mcdonnell Information Systems Ltd) –v- Swinbank London & Edinburgh Insurance Co Ltd Aegon Insurance Co (UK) Ltd

19th Jul 1999

[1999] Lloyd’s Rep IR 516

Jonathan Gaisman QC and Robert Bright – Insurance (professional indemnity) – Operative clause applying to allegations against the assured – Cover for negligence and fraud – Dishonesty exclusion where assured could reasonably have discovered dishonesty on the part of employees – Compromise agreement entered into by assured – Whether policy responded to allegations of whether proximate cause of loss leading to settlement had to be demonstrated.