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White v. Jones [1995] 2 AC HL was an issue of importance to the profession; it was not a one off example. It was economically viable for SIF to appeal cases like this for the benefit of the profession because it insured the whole profession and success would have provided a defence to many other claims. There were several other examples, particularly the lender cases, where SIF were successful and saved far more than the costs of those which they lost. White v Jones has application far beyond its specific facts, in fact I had cause to refer to the arguments in it this morning on the issue of exclusion of liability to non-clients. I can't recall any House of Lords/Supreme Court appeal conducted by open market insurers since 2000.

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