The Importance of Aggregation Clauses in Professional Clauses in Professional Indemnity Insurance Policies

March 24, 2017

The UK Supreme Court has clarified the effect of aggregation wording in AIG Europe Limited v Woodman.

In a long awaited judgment, which will affect all organisations with professional indemnity insurance, the Supreme Court has clarified how professional indemnity insurance-related claims are aggregated. Overturning the Court of Appeal’s ruling that an additional “intrinsic link” test was to be applied when determining if claims could aggregate, the Supreme Court agreed with the insurers in finding that this formulation was not “necessary or satisfactory.

Read "The Importance of Aggregation Clauses in Professional Clauses in Professional Indemnity Insurance Policies".