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In brief: Courts not to second-guess (ATE) underwriters’ decisions (Percy v Anderson-Young)

In brief: Courts not to second-guess (ATE) underwriters’ decisions (Percy v Anderson-Young)
Published on: 04 December 2017
Published by: LexisPSL
  • In brief: Courts not to second-guess (ATE) underwriters’ decisions (Percy v Anderson-Young)
  • What are the practical implications of this case?
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Article summary

Dispute Resolution analysis: Kristina Lukacova, barrister at New Square Chambers, considers the case Percy v Anderson-Young, in which Mr Justice Martin Spencer held that an after the event (ATE) premium of over £500,000 was recoverable. In the absence of any evidence that the underwriting risk was misjudged by the ATE insurer, the District Judge should not have second-guessed the underwriting decision. Furthermore, given that Ms Percy had little choice but to accept the quotation if she was going to protect herself against the risk of an adverse costs order in excess of £500,000, the premium was proportionate. or take a trial to read the full analysis.

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