Jardine Lloyd Thompson Sdn Bhd v Berjaya Sompo Insurance Bhd [2016] 2 MLJ 767

COUNSEL & SOLICITOR:
Lim Kian Leong (Paul Ngooi and Kenneth VK Liew with him) (Lim Kian Leong & Co) for the plaintiff.

COURT OF APPEAL (PUTRAJAYA)

Insurance — Construction of policy — Exemption clause — Insurance policy provided for insurer to indemnify insured against claims by clients for loss arising from fraudulent conduct of insured s employees — Claims for loss of money and five other specified items not covered by indemnity — Insurer refused to indemnify when insured to make good loss suffered by client arising from its employee s fraud — Whether High Court wrong to hold insurer right on ground insured s claim was claim for loss of moneys — Whether High Court’s interpretation denied insured of very peril it had insured against.